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The Installment Sale Agreement is a crucial document used in Malaysian commerce when goods are sold with payment spread over time through regular installments. This agreement type is particularly common in high-value purchases such as vehicles, machinery, or equipment, where immediate full payment isn't practical. The document must comply with Malaysian legislation, including the Hire-Purchase Act 1967, Contracts Act 1950, and Consumer Protection Act 1999. It typically includes detailed payment schedules, interest calculations, conditions for default, and ownership transfer terms. This agreement type offers protection for both sellers, who retain title until full payment, and buyers, who gain possession while making payments. The document is essential for businesses offering payment plans and requires careful consideration of Malaysian consumer protection laws and financial regulations.

1. Parties: Identification of seller and purchaser with complete details as required by Malaysian law

2. Background: Context of the transaction and brief description of the arrangement

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

4. Sale and Purchase: Core agreement to sell and purchase the goods on installment basis

5. Description of Goods: Detailed description of the goods being sold

6. Purchase Price and Payment Terms: Total purchase price, deposit amount, number of installments, payment schedule, and interest rate if applicable

7. Delivery and Acceptance: Terms regarding delivery, inspection, and acceptance of goods

8. Title and Risk: Provisions regarding transfer of title and risk in the goods

9. Seller's Warranties: Warranties provided by the seller regarding the goods

10. Buyer's Obligations: Key obligations of the buyer including maintenance and insurance requirements

11. Default and Remedies: Consequences of default and available remedies for both parties

12. Termination: Circumstances under which the agreement can be terminated

13. Notices: How formal notices should be given between parties

14. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction