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The Real Estate Offer And Acceptance Contract is a crucial document in Malaysian property transactions, used when a potential buyer wishes to purchase real estate from a seller. This contract type is essential in Malaysian property law and must comply with various regulations including the National Land Code 1965, Contracts Act 1950, and Stamp Act 1949. It captures all vital aspects of the property transaction, including detailed property description, purchase price, payment terms, conditions precedent, and completion requirements. The document serves as the primary agreement between parties and forms the basis for subsequent property transfer documentation. It is particularly important as it triggers various legal obligations and timelines, and its proper execution is crucial for protecting both parties' interests and ensuring a smooth property transfer process in the Malaysian legal context.

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

2. Background: Brief context of the transaction and property ownership status

3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Completion Date, and other relevant definitions

4. Property Details: Full legal description of the property including title details, lot number, and address

5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment schedule

6. Payment Terms: Detailed breakdown of payment structure, timing, and method of payment

7. Conditions Precedent: Essential conditions that must be fulfilled before the contract becomes fully effective

8. Completion: Timeline and procedures for completing the transaction, including settlement details

9. Vendor's Obligations: Responsibilities and warranties of the seller including delivery of vacant possession

10. Purchaser's Obligations: Responsibilities of the buyer including payment obligations and due diligence

11. Default Provisions: Consequences and remedies in case of default by either party

12. Governing Law: Confirmation that the agreement is governed by Malaysian law