Document background
The Master Trade Agreement is designed for businesses engaging in regular commercial transactions within Malaysia or cross-border trade involving Malaysian entities. It provides a structured framework for establishing long-term trading relationships while ensuring compliance with Malaysian legal requirements. This document is particularly valuable when parties anticipate multiple transactions over time and wish to avoid repetitive negotiations of standard terms. The agreement incorporates essential provisions required under Malaysian law, including the Contracts Act 1950, Sale of Goods Act 1957, and other relevant legislation, while maintaining flexibility to accommodate specific trading requirements. It typically includes detailed provisions for ordering processes, quality standards, risk allocation, payment terms, and dispute resolution mechanisms, serving as the foundational document for all subsequent transactions between the parties.
