An Informative Guide to Rescission of Contract in Malaysia

An Informative Guide to Rescission of Contract in Malaysia

Rescission is one of the four types of remedies available for claim in the event of a fundamental breach aside from damages, specific performance, and injunction. Here, we provide a comprehensive guide on the rescission of contract in Malaysia. What is Rescission of Contract in Malaysia? Rescission is the abrogation or termination of a contract. …

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The Significance of A Shareholders Agreement in Malaysia

The Significance of A Shareholders Agreement in Malaysia

Establishing a well-structured shareholders agreement in Malaysia assists in assuring the smooth functioning of a company. This article discusses the importance of having a shareholders agreement for Malaysian companies, regardless of nature. The Definition of A Shareholders Agreement A shareholders agreement, also sometimes referred to as a stockholders agreement, is an arrangement that defines and …

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Service Level Agreement in Malaysia

A service level agreement (SLA) complements and forms part of an IT master service agreement. It incorporates strategic business objectives and defines the business’s desired results. The most common types of SLA include: Service-based SLA: a single type of service common to every client. Customer-based SLA: an agreement between a service provider delivering a type …

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Running a Business: 5 Common Types of Contracts in Malaysia

When running a business, it is common to receive various types of contracts in Malaysia from vendors or partners to be reviewed, negotiated and signed. You also manage agreements with your employees or clients as a business owner. Contracts are structured and operated differently in some industries. Depending on the type of goods and services, …

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Business Process Outsourcing

Business Process Outsourcing In Malaysia

Over the years, business process outsourcing (BPO) has evolved where organizations are outsourcing tasks and services to an external provider. The Covid-19 pandemic brought new outsourcing developments and accelerated the adoption of BPO to overcome challenges and adapt new ways to conduct business.  The Economics In BPO BPO has stretched to most parts of an …

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Malaysia’s 7 Personal Data Protection Principles

Malaysia’s 7 Personal Data Protection Principles: What It Means To Your Business

Background and applicability of the Personal Data Protection Act 2010 (“PDPA”) The PDPA regulates the processing of individuals’ personal data and widely defined processing as collecting, recording, holding or storing; or carrying out any operation or set of operations on personal data in commercial transactions in Malaysia. The PDPA applies to you if you: have …

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Cloud Computing And Cloud Services In A Nutshell

Cloud Computing And Cloud Services In A Nutshell

Cloud computing is when the user is given access to the service provider’s technology and hardware made available through the internet. 3 main types of cloud services are software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS). 1. SaaS (software-as-a-service) SaaS is typical in the market. A user accesses the software from any device, anytime, with an …

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5 Principal Types of IT Contracts In A Nutshell

IT Contracts Malaysia: 5 Principal Types of IT Contracts In A Nutshell

Information technology (IT) contracts come in many forms and before taking on a project, organizations will provide detailed specifications of their needs. Using the specifications, the service provider and other types of sellers create an estimate of materials and man-hours required to complete the project. Different situations require different contracts and organizations must understand the …

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Social Media Economy Influencer Marketing Contract

Social Media Influencer Economy: Influencer Marketing Contract

The social media influencer economy has become one of the most popular ways to engage with consumers. If you are a company that intends to promote products and services through an influencer, then take a step back to review your participation in the social media influencer economy. Due Diligence Influencers are categorised as follows; nano-influencers …

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