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A Buy-Sell Agreement For Land is a fundamental legal document used in Malaysian property transactions to formalize the sale and purchase of land between parties. This agreement is essential for any land transaction in Malaysia and must comply with the National Land Code 1965 and relevant state land rules. The document is used when any party (individual or corporate) wishes to purchase land from another party, whether for development, investment, or personal use. It includes crucial details such as property description, purchase price, payment terms, conditions precedent, completion requirements, and parties' obligations. The agreement must account for Malaysian-specific requirements such as state authority approvals, land use restrictions, and Bumiputera ownership quotas where applicable. It serves as the primary document governing the rights and obligations of both vendor and purchaser throughout the transaction process.

1. Parties: Identification and details of the Vendor and Purchaser, including full names, identification numbers, and addresses

2. Background: Brief context of the transaction and statement that the Vendor owns the property and wishes to sell, and the Purchaser wishes to purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core agreement of the Vendor to sell and the Purchaser to buy the Property at the agreed Purchase Price

5. Property Details: Comprehensive description of the land including title details, lot number, land area, and category of land use

6. Purchase Price: Agreed purchase price and payment terms including deposit, balance, and payment milestones

7. Conditions Precedent: Conditions that must be fulfilled before the agreement becomes fully effective

8. Completion: Procedures and requirements for completing the sale, including timing and venue

9. Vendor's Obligations: Specific obligations of the Vendor including delivering vacant possession and executing transfer documents

10. Purchaser's Obligations: Specific obligations of the Purchaser including payment and duty to verify land details

11. Representations and Warranties: Statements of fact and promises by both parties, particularly regarding the Property's condition and title

12. Default and Termination: Consequences of breach and circumstances allowing termination

13. Costs and Expenses: Allocation of legal fees, stamp duty, and other transaction costs

14. Notices: Method and addresses for serving notices between parties

15. General Provisions: Standard clauses including governing law, entire agreement, and severability