The Termination of Development Agreement is a crucial document used when parties need to formally end their development relationship in Malaysia, whether by mutual consent or due to specific triggering events. This document is typically employed when development projects need to be discontinued due to various circumstances such as commercial non-viability, force majeure events, breach of contract, or strategic realignment of business objectives. It must comply with Malaysian legal requirements, including the Contracts Act 1950 and various development-related regulations. The agreement covers essential elements including termination terms, financial settlements, asset handling, and ongoing obligations, providing a comprehensive framework for project closure while protecting all parties' interests.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties to the termination agreement, including the developer, landowner, and any other relevant parties from the original agreement
2. Background: Recitals detailing the original Development Agreement, key dates, and circumstances leading to termination
3. Definitions: Definitions of key terms used in the agreement, including those carried over from the original agreement and new terms specific to the termination
4. Termination: Clear statement of termination, effective date, and grounds for termination
5. Mutual Release: Provisions for mutual release of obligations under the original agreement, subject to specific exceptions
6. Settlement Terms: Financial settlement terms, including any compensation, refunds, or payments between parties
7. Handover Obligations: Requirements for handover of site, documents, permits, and other project materials
8. Representations and Warranties: Confirmations from each party regarding their authority and capacity to enter into the termination agreement
9. Confidentiality: Obligations regarding confidentiality of the termination and related matters
10. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
11. Execution: Signature blocks and execution requirements
1. Third Party Rights: Section addressing rights of third parties (such as contractors or purchasers) - include when there are significant third-party interests
2. Insurance: Provisions regarding ongoing insurance obligations - include when there are outstanding insurance matters
3. Intellectual Property: Provisions dealing with ownership and use of project IP - include when significant IP assets are involved
4. Tax Matters: Specific tax-related provisions - include when there are significant tax implications
5. Dispute Resolution: Detailed dispute resolution procedures - include when parties want specific arbitration or mediation procedures
6. Survival Clauses: Specific provisions that survive termination - include when certain obligations need to continue
7. Public Announcements: Protocol for public communications - include for high-profile developments
1. Schedule 1 - Original Agreement Details: Copy or summary of key terms from the original Development Agreement
2. Schedule 2 - Settlement Calculations: Detailed breakdown of financial settlements and calculations
3. Schedule 3 - Handover Inventory: List of all items, documents, and materials to be handed over
4. Schedule 4 - Outstanding Works: List of incomplete works and their status at termination
5. Schedule 5 - Third Party Contracts: List of affected third-party contracts and their disposition
6. Appendix A - Form of Public Notice: Template for any required public notices regarding the termination
7. Appendix B - Handover Timeline: Detailed timeline for completing all handover obligations
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Development
Infrastructure
Commercial Property
Residential Development
Mixed-use Development
Urban Planning
Industrial Development
Relevant Teams
Legal
Real Estate
Development
Construction
Finance
Commercial
Compliance
Risk Management
Project Management
Property Management
Relevant Roles
Chief Executive Officer
Managing Director
Development Director
Project Manager
Legal Counsel
Contract Manager
Property Director
Land Manager
Construction Manager
Finance Director
Commercial Director
Planning Manager
Real Estate Manager
Compliance Officer
Risk Manager
Find the exact document you need
Lease Cancellation
A Malaysian law-compliant agreement for the mutual termination of a lease between landlord and tenant, establishing terms for lease ending and property handover.
find out more
Termination Of Contract By Contractor
A Malaysian legal document for contractors to formally terminate their contractual obligations with the principal/employer, compliant with Malaysian contract law and construction industry regulations.
find out more
Time Contract Termination
A Malaysian law-compliant document for formal termination of time-based contracts, outlining termination terms and obligations.
find out more
Ending An Employment Contract Early
A Malaysian law-compliant document for early termination of employment contracts, detailing termination terms and statutory requirements.
find out more
Deed Of Termination Shareholders Agreement
A Malaysian law-governed deed that formally terminates an existing shareholders agreement, including provisions for cessation of rights and obligations.
find out more
General Contractor Termination Letter
A formal notice under Malaysian law to terminate a general contractor's services, including termination terms and final instructions.
find out more
Deed Of Cancellation Of Agreement For Sale
A Malaysian law-governed deed that formally cancels an existing Agreement for Sale and releases parties from their obligations under the original agreement.
find out more
Terminate Contract With Immediate Effect
A Malaysian law-compliant document for immediate contract termination, citing grounds and required actions.
find out more
Cancellation Of Condominium Contract
A Malaysian law-compliant agreement that terminates a condominium Sale and Purchase Agreement, outlining refund terms and mutual release of obligations.
find out more
Termination Of Commercial Lease
A Malaysian law-governed agreement that formally terminates a commercial lease between landlord and tenant, settling all obligations and establishing termination terms.
find out more
Surrender Of Tenancy Agreement
A Malaysian law-governed agreement documenting the mutual termination of a lease before its original expiry date, setting out surrender terms and obligations for both landlord and tenant.
find out more
Assignment Of Lease Agreement
A Malaysian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant.
find out more
Termination Of Tenancy Agreement
A Malaysian law-governed agreement that formally terminates an existing tenancy arrangement between landlord and tenant, specifying termination terms and final obligations.
find out more
End Of Lease Agreement
A Malaysian law-governed agreement that formally terminates a lease arrangement between landlord and tenant, outlining property handover and final settlement terms.
find out more
Termination Of Lease Letter
A formal notice under Malaysian law to terminate a lease agreement between landlord and tenant, including termination details and handover arrangements.
find out more
Termination Of Development Agreement
A Malaysian law-governed agreement that formally terminates an existing Development Agreement, settling all related rights and obligations between the parties.
find out more
Termination Letter Distribution Agreement
A Malaysian law-governed formal notice to terminate a distribution agreement, outlining termination terms and post-termination obligations.
find out more
Service Contract Termination
A Malaysian law-governed document for formally terminating service contracts, ensuring legal compliance and protecting parties' interests.
find out more
Independent Contractor Termination
A Malaysian law-governed agreement for formally terminating an independent contractor relationship, including final terms and mutual releases.
find out more
End Of Lease Letter To Tenant
A formal notice under Malaysian law informing tenants about lease termination, including move-out requirements and final settlement details.
find out more
Contract Termination For Convenience
A Malaysian law-compliant document for terminating contracts without cause, specifying termination process and settlement terms.
find out more
Buyer Termination Of Contract
A formal notice for contract termination by the buyer under Malaysian law, stating grounds for termination and required actions.
find out more
Termination Of Agency Agreement
A Malaysian law-governed agreement that formally terminates an existing agency relationship, outlining termination terms and post-termination obligations.
find out more
Termination Release Agreement
A Malaysian law-governed agreement that documents employment termination terms, including payments, releases, and ongoing obligations between employer and employee.
find out more
Termination Of Business Relationship
A Malaysian law-governed agreement for formally terminating business relationships between commercial parties, addressing all aspects of dissolution and post-termination obligations.
find out more
Shareholder Exit Agreement
A Malaysian law-governed agreement facilitating a shareholder's exit from a company, including share transfer terms, valuations, and post-exit obligations.
find out more
Partner Exit Agreement
A Malaysian law-governed agreement documenting a partner's withdrawal from a business partnership, including exit terms, financial settlements, and ongoing obligations.
find out more
Letter For Non Renewal Of Work Contract
A formal Malaysian legal document notifying an employee of their fixed-term employment contract's non-renewal upon expiration.
find out more
Lease Break Agreement
A Malaysian law-governed agreement that enables the mutually agreed early termination of a lease between landlord and tenant.
find out more
End Of Fixed Term Contract
A Malaysian-compliant document formalizing the conclusion of a fixed-term employment contract, including termination terms and final settlements.
find out more
End Of Employment Contract
A Malaysian law-compliant agreement that formalizes and documents the termination of employment relationship, outlining final settlements and obligations of both parties.
find out more
Director Exit Agreement
A Malaysian law-governed agreement documenting the terms and conditions for a director's departure from a company's board, including resignation terms, obligations, and mutual releases.
find out more
Business Contract Cancellation Letter
A formal letter for terminating business contracts under Malaysian law, providing legal notification of contract cancellation and outlining termination terms.
find out more
Rental Contract Cancellation
A Malaysian law-compliant document that formally terminates a rental agreement between landlord and tenant, outlining termination terms and settlement conditions.
find out more
Cancellation Of Memorandum Of Agreement
A Malaysian law-governed document that formally terminates an existing Memorandum of Agreement between parties, including mutual releases and settlement terms.
find out more
Mutual Termination Of Construction Contract
A Malaysian law-governed agreement for the mutual termination of a construction contract, addressing final settlements and releases between parties.
find out more
Termination Of Construction Contract By Owner And Contractor
A Malaysian law-governed agreement for mutual termination of a construction contract between owner and contractor, addressing final settlements and project closure.
find out more
Termination Of Sale Agreement
A Malaysian law-governed agreement that formally terminates an existing sale arrangement between parties, addressing all settlement terms and mutual releases.
find out more
Security Service Termination Letter
A formal letter compliant with Malaysian law for terminating security service agreements, specifying termination terms and transition arrangements.
find out more
Letter Of Termination Of Tenancy Agreement
A formal notice under Malaysian law to terminate a tenancy agreement, specifying the termination date and related arrangements between landlord and tenant.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)