Contracts Act 1950

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When ‘30 Years’ Does Not Mean 30 Years: Court of Appeal on Contract Expiry and Renewal

Legal Updates / /

Court of Appeal: A Contract Stated to Last 30 Years May Still Expire Earlier – Lessons on Renewal, Vacant Possession and Damages Case Commentary: Vigilant Ventures Sdn Bhd v Lembaga Kemajuan Ikan MalaysiaCourt of Appeal Malaysia | Civil Appeal No. K-01(NCVC)(W)-391-07/2023Decision dated: 24 June 2026 A commercial agreement states that the parties intend for their

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Understanding Malaysian Agency Law: A Guide to the Principal-Agent Relationship

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Understanding Malaysian Agency Law: A Guide to the Principal-Agent Relationship Introduction to Agency Law in Malaysia Agency law in Malaysia is primarily governed by the Contracts Act 1950, which outlines the legal framework for relationships between agents and principals. An agency relationship arises when one party, known as the agent, is authorized to act on

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Agency Law: Definition, Authority & Legal Responsibilities

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Agency Law: Definition, Authority & Legal Responsibilities What is an Agency Relationship? An agency relationship is a legal arrangement where one party, known as the agent, is authorized to act on behalf of another party, called the principal, in dealings with third parties. This relationship allows the principal to delegate tasks, make business transactions, or

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Lawfulness of Consideration and Object in Agreements: A Legal Overview

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Lawfulness of Consideration and Object in Agreements: A Legal Overview Understanding Lawful and Unlawful Consideration in Agreements (Section 24 Contracts Act 1950) What Makes an Agreement Lawful? In contract law, an agreement is valid only if its consideration (what is given in exchange) and object (purpose) are lawful. The law states that consideration or object

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