A promissory note is a legal debt instrument that consists of a written promise by one party (the issuer) to pay another party (the payee) a definite sum of money on-demand or a specific date in the future, under specific…
Author: MyLegalWeb
Friendly Loans
A friendly loan is a loan between two people based on mutual trust, for instance, between friends or family. Friendly loans, in common practice, is often informal and might lack documented agreements between the lender and borrower, and does not…
Dissolution of Partnership
All economic partnerships are governed by the Partnership Act 1961 in Malaysia. Under Section 3 of the Partnership Act 1961, a partnership is “relation which subsists between persons carrying on business in common with a view of profit”. A partnership…
Domestic Violence – Protection Orders
It was reported from January to April 2021, a total of 902 cases of domestic violence has been reported in Malaysia. Women, Family and Community Development Minister, Datuk Seri Rina Mohd Harun mentions that one major factor contributing to the…
Legal Procedures In Dealing With Sexual Harassment At A Workplace
Under Section 2 of the Employment Act 1955 (EA), sexual harassment is defined as “any unwanted conduct of a sexual nature, whether verbal, non-verbal, visual, gestural or physical, directed at a person which is offensive or humiliating or is a…
Employment Law in Malaysia
The Malaysian Employment Law is generally governed by the Employment Act 1955, which highlights the minimum benefits that are required to be given to employees. However, the Employment Act 1955 only protects applicable employees which includes the following criteria: Employees…
Property Taxes in Malaysia
Property taxes are taxes issued on a property owned by an individual. For a first time property investor, knowing all the types of taxes that will be issued to you when you buy a property may be a hassle. Here…
Can Cryptocurrency Be Taxed In Malaysia?
Cryptocurrency is a digital currency that uses an online ledger with strong cryptography to secure online transactions. It is a form of intangible transaction that uses ‘tokens’ as a trading medium in exchange for goods or services. Over the years, cryptocurrency…
What Can You Sue Your Condominium Management For?
Note: This article does not only apply to condominiums, but to any other high rise properties as well. Living in a condominium does have its fair share of pros and cons. Despite having a management that is responsible of maintaining…
[Member] Distribution Agreement – Shares
Here is a detailed sample agreement of a shares distribution agreement. In this sample, you may be able to view the detailed terms and conditions which may be applied in an ordinary scenario. 👇 CLICK BELOW TO DOWNLOAD OUR TEMPLATE…
Legal Affairs Involved In Buying or Selling A Property In Malaysia
For many first time or even regular property investors, buying and selling a property in Malaysia can be a complex process as it includes a range of administrative and legal procedures. A conveyancing lawyer, or formally known as a solicitor,…
Employer Loan Agreement
An Employee Loan Agreement is an agreement between an employer and an employee, which contains the consent of an employer to provide a loan to an employee. 👇 CLICK BELOW TO DOWNLOAD OUR TEMPLATE 👇 Sign up now as a Premium Member…
Everything You Need To Know About The New Malaysia My Second Home (MM2H) Criteria
The government has announced that the Malaysia My Second Home (MM2H) programme will be reactivated in October with updated requirements, after being suspended in August 2020 due to the Covid-19 pandemic. The decision to add new requirements is based on…
Car Loan Agreement
A Car Loan Agreement is a contract used to secure the buyer of a motor vehicle to their legally-binding promise to pay back the full amount they borrowed in order to purchase a vehicle. 👇 CLICK BELOW TO DOWNLOAD OUR TEMPLATE…
Advance Payment Agreement
Advance Payment Agreement means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price. 👇 CLICK BELOW TO DOWNLOAD…
Form 14A (for transfer of properties in land registry)
Form 14A also known as the Memorandum of Transfer, is a document which indicates who is the owner and who is the transferor, transferee, and how much shares you want to transfer. 👇 CLICK BELOW TO DOWNLOAD OUR TEMPLATE …
Refund of Deposit Agreement
This is a concise version of an agreement on requesting for a refund of deposit. 👇 CLICK BELOW TO DOWNLOAD OUR TEMPLATE 👇 Sign up now as a Premium Member in order to download this template!
[Member] CAR PARK RENTAL AGREEMENT
This is a more detailed version of an agreement which can be used to rent a parking space within private property. In this sample, you may be able to view the detailed terms and conditions which may be applied in an ordinary scenario.…
[Member] CAR PARK RENTAL AGREEMENT (BRIEF VERSION)
This is a brief and concise agreement which can be used to rent a parking space within private property. It creates a contract between the owner of the property and an individual who wish to rent out the parking space, which gives…
[Member] Friendly Loan Agreement – Individuals
This is a short-form friendly loan agreement between two individuals, the Lender and the Borrower. 👇 CLICK BELOW TO DOWNLOAD OUR TEMPLATE 👇 Sign up now as a Premium Member in order to download this template!