Business Agreement Services in Malaysia
At The Law Chambers of Gurvin, we specialize in helping businesses build strong legal foundations through professionally drafted business agreements. Whether you’re starting a new partnership, acquiring a business, or expanding via a franchise model, our team ensures every agreement is legally sound, future-proof, and compliant with Malaysian laws.
Our legal services cover all key areas of business relationships—from ownership structures to profit sharing and strategic alliances. With our expertise, you can confidently enter into business agreements that protect your interests and foster sustainable growth
1. Partnership Agreement
A Partnership Agreement sets out the terms under which two or more individuals or entities conduct business together as partners. This foundational document governs day-to-day operations and key issues such as:
Profit and loss sharing ratios
Roles and responsibilities of each partner
Capital contributions and withdrawals
Decision-making and voting procedures
Admission and exit of partners
Dispute resolution and dissolution terms
A clear and comprehensive partnership agreement prevents conflicts and provides a roadmap for successful collaboration.
Best For: New business partners, family ventures, professional firms (e.g., lawyers, accountants).
2. Joint Venture Agreement
A Joint Venture Agreement is a contract between two or more parties who come together for a specific business project, sharing resources, risks, and profits. Unlike partnerships, joint ventures often have a limited purpose and duration.
Key aspects covered:
Purpose and scope of the joint venture
Capital contributions and resource sharing
Management and decision-making processes
Profit and loss distribution
Confidentiality and exclusivity
Exit strategies and dispute resolution
We assist in structuring joint ventures to balance collaboration with clear legal protections.
Best For: Real estate development, tech collaborations, infrastructure projects, or cross-border ventures.
3. Franchise Agreement
A Franchise Agreement governs the relationship between a franchisor and franchisee. It grants the franchisee the right to operate a business using the franchisor’s brand, trademarks, and systems under agreed terms.
Important clauses include:
Rights and obligations of franchisor and franchisee
Initial fees, royalties, and other payments
Use of trademarks and intellectual property
Quality control and operational standards
Training and support provided
Termination and renewal provisions
Our franchise agreement drafting service helps protect your brand while empowering franchisees to succeed.
Best For: Food & beverage chains, retail outlets, fitness centers, service brands.
4. Business Purchase Agreement
Buying or selling a business involves complex legal and financial considerations. A Business Purchase Agreement (also called a Sale of Business Agreement) defines the terms and conditions under which a business sale occurs.
This agreement covers:
Purchase price and payment terms
Assets and liabilities included in the sale
Representations and warranties by both buyer and seller
Conditions precedent to closing
Confidentiality and non-compete clauses
Procedures for handover and transition
Having a well-drafted Business Purchase Agreement reduces risks and ensures a smooth transfer of ownership and operations.
Best For: SME takeovers, startup acquisitions, succession planning, or investor exits.
5. Collaboration Agreement
A Collaboration Agreement outlines the terms under which two or more parties agree to work together on a specific project or business initiative. Unlike partnerships, collaboration agreements typically allow each party to maintain its independence while cooperating for mutual benefit.
Key elements include:
Scope and objectives of the collaboration
Roles, duties, and contributions of each party
Intellectual property ownership and usage rights
Confidentiality and non-disclosure provisions
Term and termination clauses
Profit and expense sharing arrangements
Our firm drafts clear and customized collaboration agreements that protect your interests while facilitating effective cooperation.
Best For: Co-branded marketing, R&D initiatives, software development, creative partnerships.
6. Profit Sharing Agreement
A Profit Sharing Agreement is a legally binding contract between business partners or collaborators that clearly defines how profits—and sometimes losses—are distributed among parties. Whether you’re starting a new venture or formalizing an existing arrangement, this agreement sets out:
The percentage of profits each party is entitled to receive
Procedures for calculating and distributing profits
Roles and responsibilities linked to profit generation
Handling of losses or deficits
Dispute resolution mechanisms related to profit sharing
This agreement helps prevent misunderstandings, fosters transparency, and aligns the interests of all involved, ensuring smoother business operations.
Best For: Partnerships, bonus schemes, joint ventures, employee incentive plans.
Why Choose Us?
🧑⚖️ Experienced Legal Team: Years of hands-on experience drafting business agreements across various industries in Malaysia.
🛡️ Risk Mitigation: Avoid disputes with clauses that cover worst-case scenarios.
📄 Custom-Tailored Contracts: Every agreement is crafted to suit your unique business model and objectives.
✅ Compliance with Malaysian Law: Stay fully aligned with local regulatory requirements and business practices.
Frequently Asked Questions (FAQs)
Q1: What is the difference between a Partnership Agreement and a Joint Venture Agreement?
A: A Partnership Agreement establishes an ongoing business relationship where partners share profits, losses, and management. A Joint Venture Agreement is usually for a specific project or limited time, where parties collaborate but maintain separate business identities.
Q2: Why do I need a written agreement for business collaborations?
A: A written agreement clearly sets out the rights, responsibilities, and expectations of all parties, minimizing disputes and providing legal protection.
Q3: How is profit sharing usually calculated in a Profit Sharing Agreement?
A: It depends on the agreement terms—profits can be shared equally, based on capital contribution, effort, or other agreed factors. The agreement must clearly specify the method.
Q4: Can losses also be shared under a Profit Sharing Agreement?
A: Yes, typically losses are shared in the same proportion as profits unless otherwise stated.
Q5: Can I terminate a Collaboration Agreement early?
A: Yes, most agreements include termination clauses allowing either party to end the collaboration under specified conditions.
Q6: Who owns intellectual property created during the collaboration?
A: Ownership is determined by the agreement terms. It may be jointly owned, assigned to one party, or licensed.
Q7: What protections does a Business Purchase Agreement offer buyers?
A: It ensures clear terms for the sale, warranties about business condition, protections against undisclosed liabilities, and outlines conditions for closing.
Q8: Can I include a non-compete clause in the Business Purchase Agreement?
A: Yes, it’s common to restrict the seller from competing with the business post-sale for a defined period and area.
Q9: What fees are involved in a Franchise Agreement?
A: Franchisees usually pay initial franchise fees, ongoing royalties, marketing fees, and sometimes a percentage of sales.
Q10: Can the franchisor terminate the Franchise Agreement?
A: Yes, franchisors typically have rights to terminate for breach of contract or failure to meet standards.
Q11: How are decisions made in a Joint Venture?
A: Decision-making processes are set out in the agreement and can be based on unanimous consent, majority votes, or designated managers.
Q12: What happens if one party wants to exit the Joint Venture?
A: The agreement usually outlines exit procedures including buyout options, valuation methods, and notice periods.
Q13: How are disputes resolved among partners?
A: Many partnership agreements include dispute resolution methods such as mediation, arbitration, or court proceedings.
Q14: Can new partners be added later?
A: Yes, the process for admitting new partners should be clearly stated in the agreement.
Let's Draft Your Business Agreement
Whether you’re starting fresh or need to review an existing agreement, we’re here to help.
📞 Contact us now for a free consultation with our legal team and get your business contracts professionally drafted.
🔍 Need a solid Need an affordable Business Agreement in Kuala Lumpur, Selangor & Across Malaysia? Contact The Law Chambers of Gurvin today for Quotation & Discount.