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The Co-Broker Agreement Transportation is essential for businesses operating in Malaysia's transportation and logistics sector who wish to establish formal partnerships for sharing transportation opportunities and resources. This agreement is particularly relevant in today's interconnected logistics landscape where collaboration between brokers can significantly enhance service coverage and efficiency. The document addresses key aspects required under Malaysian law, including licensing requirements, commission structures, operational procedures, and compliance with local transportation regulations. It is designed to protect both parties' interests while ensuring compliance with the Land Public Transport Act 2010 and related Malaysian transportation laws. The agreement is commonly used when brokers want to expand their service offerings, share resources, or collaborate on specific transportation routes or services.

1. Parties: Identification of the co-brokers entering into the agreement, including their full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, including the nature of the transportation business and the purpose of the co-broking arrangement

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

4. Scope of Co-Brokerage: Detailed description of the co-brokerage arrangement, including territories, types of transportation services covered, and exclusivity provisions if any

5. Duties and Responsibilities: Specific obligations of each co-broker, including service standards, operational requirements, and compliance obligations

6. Commission Structure: Details of commission calculations, splits, and payment terms between the co-brokers

7. Payment Terms: Payment procedures, timing, currency, and method of payment

8. Compliance Requirements: Obligations regarding licenses, permits, and regulatory compliance specific to transportation services

9. Representations and Warranties: Standard and specific warranties regarding authority, capacity, and compliance

10. Liability and Indemnification: Allocation of risks and responsibilities between the parties

11. Term and Termination: Duration of the agreement and circumstances for termination

12. Confidentiality: Protection of confidential information and trade secrets

13. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment