Contracts Companies in Malaysia

A contract is an agreement between two or more parties that creates legally binding obligations. Contracts are typically written but may be oral. In Malaysia, contracts are governed by the Contracts Act 1950.

Under Malaysian law, a contract is formed when there is an offer by one party and an acceptance by the other party. The offer must be clear and unambiguous, and the acceptance must be unequivocal. A contract can be created orally, in writing, or by conduct.

Once a contract is formed, the parties are legally bound by its terms and can be sued for breach of contract if they do not perform their obligations under the contract.

There are many types of contracts, but some of the most common are employment contracts, sale of goods contracts, and service contracts.