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Terms & Conditions On Invoice Template for Malaysia

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Key Requirements PROMPT example:

Terms & Conditions On Invoice

"I need Terms & Conditions On Invoice for my manufacturing company based in Penang that exports electronic components to Southeast Asian countries, including specific clauses about international shipping, payment in multiple currencies, and export compliance requirements."

Document background
Terms & Conditions On Invoice are essential for businesses operating in Malaysia seeking to establish clear commercial relationships with their customers. This document type is particularly useful for companies that process regular transactions and need to maintain standardized terms without requiring separate contracts for each sale. The terms and conditions automatically become part of the contract when the invoice is issued, providing legal protection under Malaysian law while ensuring compliance with local commercial regulations, including the Contracts Act 1950 and Electronic Commerce Act 2006. It typically includes crucial elements such as payment terms, delivery conditions, warranties, and dispute resolution procedures, while being concise enough to appear on or accompany an invoice.
Suggested Sections

1. Applicability: States that these terms and conditions apply to all transactions and services provided

2. Definitions: Key terms used throughout the document

3. Payment Terms: Payment deadline, accepted payment methods, and late payment consequences

4. Prices and Charges: Explanation of pricing structure, additional charges, and taxes

5. Delivery and Performance: Terms regarding delivery of goods or performance of services

6. Title and Risk: When ownership transfers and who bears risk during delivery

7. Warranties and Limitations: Basic warranties provided and limitations of liability

8. Governing Law: Specification of Malaysian law as governing law and jurisdiction

Optional Sections

1. Returns and Refunds: Include when dealing with physical goods or when refund policy is relevant

2. Intellectual Property: Include when services or products involve IP rights

3. Confidentiality: Include when sensitive information is shared during transaction

4. Force Majeure: Include for long-term supply relationships or high-value transactions

5. Export Controls: Include when dealing with international transactions or restricted goods

6. Data Protection: Include when personal data is collected or processed

7. Insurance: Include for high-risk or high-value goods/services

Suggested Schedules

1. Price List: Detailed breakdown of prices for different products/services if too extensive for main terms

2. Service Level Agreement: Specific performance metrics and standards for service-based transactions

3. Special Handling Instructions: Specific requirements for handling or delivering certain goods

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















Clauses




















Relevant Industries

Retail

Manufacturing

Wholesale Trade

Professional Services

Construction

Information Technology

Logistics

Healthcare

Food and Beverage

Engineering

Consulting

Agriculture

Relevant Teams

Legal

Finance

Accounts Receivable

Sales

Operations

Compliance

Credit Control

Commercial Operations

Business Development

Administration

Relevant Roles

Finance Manager

Accounts Receivable Manager

Legal Counsel

Commercial Manager

Sales Director

Credit Controller

Business Development Manager

Operations Manager

Company Secretary

Compliance Officer

Contract Administrator

Chief Financial Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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