The Cross Purchase Buy Sell Agreement is a crucial document for Malaysian companies with multiple shareholders who want to maintain control over ownership succession and ensure business continuity. This agreement is particularly relevant when shareholders want to prevent shares from being transferred to unwanted third parties or when they need to establish a clear exit mechanism. The document, compliant with Malaysian legislation including the Companies Act 2016, typically includes provisions for share valuation, payment terms, and funding mechanisms (often through life insurance). It's commonly used in private companies, family businesses, and professional practices where maintaining control over ownership is critical. The agreement helps prevent potential disputes by establishing clear procedures for share transfers and provides certainty for business succession planning.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of all shareholders entering into the agreement
2. Background: Context of the agreement, including company details and current shareholding structure
3. Definitions: Key terms used throughout the agreement including triggering events, fair market value, and other critical concepts
4. Purchase Obligation: Core obligations of surviving shareholders to purchase shares upon triggering events
5. Triggering Events: Detailed description of events that activate the buy-sell provisions (death, disability, retirement, etc.)
6. Purchase Price: Methodology for determining the share price and valuation mechanisms
7. Payment Terms: Structure and timing of payments for purchased shares
8. Funding Mechanism: Details of how the purchase will be funded (typically life insurance)
9. Transfer Restrictions: Limitations on share transfers outside of this agreement
10. Notice Requirements: Procedures for notifying parties of triggering events and purchase obligations
11. Confidentiality: Provisions regarding confidential information
12. Governing Law: Specification of Malaysian law as governing law
13. Dispute Resolution: Procedures for resolving disputes between parties
1. Tag-Along Rights: Optional provision allowing minority shareholders to join in sale of shares under certain conditions
2. Drag-Along Rights: Optional provision allowing majority shareholders to force minority shareholders to join in sale
3. Right of First Refusal: Optional provision giving existing shareholders first right to purchase shares before third-party sales
4. Insurance Requirements: Detailed section on insurance obligations if funding through life insurance
5. Non-Competition: Restrictions on competing business activities after share sale
6. Family Member Provisions: Special provisions for family-owned businesses regarding inheritance and family transfers
1. Schedule 1 - Current Shareholding: Details of current shareholders and their shareholding percentages
2. Schedule 2 - Valuation Formula: Detailed methodology for calculating share value
3. Schedule 3 - Insurance Policies: List of insurance policies and their details if applicable
4. Schedule 4 - Company Information: Key company details including registration number, registered address
5. Appendix A - Share Transfer Form: Template for share transfer documentation
6. Appendix B - Notice Forms: Templates for various notices required under the agreement
Relevant legal definitions
Agreement
Business Day
Company
Completion Date
Confidential Information
Consideration
Disability
Effective Date
Fair Market Value
Insurance Policy
Insurance Proceeds
Offered Shares
Purchase Notice
Purchase Price
Purchasing Shareholder
Selling Shareholder
Share Certificate
Shares
Shareholder
Triggering Event
Transfer
Valuation Date
Valuation Method
Board of Directors
Business
Company Secretary
Completion
Constitution
Encumbrance
Identity Card
Notice
Party
Permitted Transfer
Purchase Obligation
Related Corporation
Ringgit Malaysia
Working Day
Business Day
Company
Completion Date
Confidential Information
Consideration
Disability
Effective Date
Fair Market Value
Insurance Policy
Insurance Proceeds
Offered Shares
Purchase Notice
Purchase Price
Purchasing Shareholder
Selling Shareholder
Share Certificate
Shares
Shareholder
Triggering Event
Transfer
Valuation Date
Valuation Method
Board of Directors
Business
Company Secretary
Completion
Constitution
Encumbrance
Identity Card
Notice
Party
Permitted Transfer
Purchase Obligation
Related Corporation
Ringgit Malaysia
Working Day
Clauses
Interpretation
Purchase Obligation
Triggering Events
Valuation
Payment Terms
Insurance Provisions
Share Transfer Mechanics
Transfer Restrictions
Notice Requirements
Confidentiality
Representations and Warranties
Tax Matters
Dispute Resolution
Governing Law
Force Majeure
Amendment
Severability
Entire Agreement
Assignment
Survival
Costs and Expenses
Further Assurance
Waiver
Counterparts
Purchase Obligation
Triggering Events
Valuation
Payment Terms
Insurance Provisions
Share Transfer Mechanics
Transfer Restrictions
Notice Requirements
Confidentiality
Representations and Warranties
Tax Matters
Dispute Resolution
Governing Law
Force Majeure
Amendment
Severability
Entire Agreement
Assignment
Survival
Costs and Expenses
Further Assurance
Waiver
Counterparts
Relevant Industries
Professional Services
Manufacturing
Technology
Family Businesses
Retail
Healthcare
Construction
Real Estate
Financial Services
Agriculture
Food & Beverage
Consulting
Relevant Teams
Legal
Corporate Secretarial
Finance
Risk Management
Compliance
Executive Leadership
Board of Directors
Relevant Roles
CEO
Managing Director
Company Secretary
Chief Financial Officer
Legal Counsel
Business Owner
Partner
Shareholder
Director
Corporate Lawyer
Financial Controller
Risk Manager
Board Member
Company Founder
Find the exact document you need
Motor Sale Agreement
A Malaysian law-governed agreement for the sale and purchase of motor vehicles, detailing terms, conditions, and ownership transfer requirements.
find out more
Car Buyer Seller Contract
A Malaysian law-governed agreement for the sale and purchase of motor vehicles, ensuring compliant transfer of vehicle ownership between parties.
find out more
Homesite Lease
A Malaysian law-compliant lease agreement for residential land use, governed by the National Land Code 1965 and state regulations.
find out more
Unconditional Contract Of Sale
A Malaysian law-governed unconditional contract that enables immediate and binding transfer of ownership from seller to buyer.
find out more
Lease To Purchase Contract
A Malaysian law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both leasing and buying phases.
find out more
Agreement To Sell Business
A Malaysian law-governed agreement that documents the formal transfer of business ownership from seller to buyer, including all key terms and conditions of the sale.
find out more
Real Estate Listing Contract
A Malaysian-law governed agreement between property owner and real estate agent establishing terms for property listing and sale.
find out more
Real Estate Installment Contract
A Malaysian law-governed agreement for the purchase of real estate through structured installment payments, outlining terms, conditions, and payment schedules.
find out more
Definitive Purchase Agreement
A Malaysian law-governed agreement that finalizes the terms and conditions for the purchase and sale of assets, shares, or a business.
find out more
Cross Purchase Buy Sell Agreement
A Malaysian law-governed agreement between shareholders establishing terms for purchasing each other's shares upon specific triggering events.
find out more
Absolute Agreement Of Sale
A Malaysian law-governed agreement for the absolute and unconditional transfer of ownership from seller to purchaser.
find out more
Used Car Sale Contract
A Malaysian law-governed contract for the sale and purchase of used vehicles, ensuring legal compliance and protecting both buyer and seller interests.
find out more
Software Sales Contract
A Malaysian law-governed agreement for software sales and licensing, detailing terms of sale, usage rights, and obligations between vendor and purchaser.
find out more
Simple Home Sale Contract
A Malaysian law-governed contract for residential property sale and purchase, incorporating essential elements for legal property transfer.
find out more
Sales Rep Contract
Malaysian-law governed agreement establishing terms between a company and sales representative, including territory rights, commission structure, and compliance requirements.
find out more
House Sale Agreement Form
A Malaysian law-governed agreement for the sale and purchase of residential property, detailing terms, conditions, and obligations of both parties.
find out more
Wholesale Contract
A Malaysian law-governed agreement establishing terms and conditions for wholesale trading relationships between commercial parties.
find out more
Sales Commission Contract
A Malaysian law-governed agreement establishing terms and commission structures for sales representatives and their principal companies.
find out more
Conditional Sale Agreement Land
A Malaysian law-governed agreement for the conditional sale and purchase of land, subject to specific conditions and completion requirements.
find out more
Commission Agent Agreement
A Malaysian law-governed agreement establishing terms between a principal and commission agent for sales representation and commission-based compensation.
find out more
Motor Vehicle Retail Installment Sales Contract
A Malaysian law-compliant contract for the sale of motor vehicles through installment payments, incorporating mandatory provisions under the Hire-Purchase Act 1967.
find out more
Personal Goodwill Purchase Agreement
A Malaysian law-governed agreement for the purchase and transfer of individual personal goodwill, including professional reputation and customer relationships.
find out more
Dealer Consignment Form
A Malaysian law-governed agreement establishing terms for dealers to sell goods on consignment basis, defining rights and obligations of both consignor and consignee.
find out more
Purchase And Sale Agreement For House
A Malaysian law-governed agreement documenting the sale and purchase of residential property, including all essential terms and conditions for property transfer.
find out more
Sale With Buyback Agreement
A Malaysian law-governed agreement for the sale of assets with predetermined buyback terms, suitable for both conventional and Islamic finance transactions.
find out more
Offer To Purchase Real Estate Form Private Sale
A Malaysian legal document presenting a formal offer to purchase real estate from a private seller, outlining purchase terms and conditions under Malaysian law.
find out more
Multi Family Purchase And Sale Agreement
A Malaysian law-governed agreement for the purchase and sale of multi-family residential properties, addressing property transfer, tenancies, and regulatory compliance requirements.
find out more
Commercial Real Estate Purchase Contract
A Malaysian law-governed agreement for the sale and purchase of commercial real estate, ensuring compliant transfer of property ownership.
find out more
Agreement For Sale Of Mortgaged Property
A Malaysian law-governed agreement for the sale of mortgaged property, detailing terms of sale and mortgage discharge procedures.
find out more
Sale Of Shares In Private Company Agreement
A Malaysian law-governed agreement for the sale and purchase of shares in a private company, detailing transaction terms and regulatory compliance requirements.
find out more
Sale And Construction Agreement
A Malaysian law-governed agreement combining property sale and construction obligations, structured to comply with local housing development and construction regulations.
find out more
New Car Purchase Agreement
A Malaysian law-governed agreement for the purchase of a new vehicle, detailing terms of sale, specifications, and obligations of both dealer and buyer.
find out more
Sale Of Partnership Interest Agreement
A Malaysian law-governed agreement facilitating the sale and transfer of partnership interests between parties, including terms, conditions, and regulatory compliance requirements.
find out more
Vehicle Installment Sale Agreement
A Malaysian law-governed agreement for vehicle purchase through installment payments, outlining payment terms, ownership rights, and parties' obligations.
find out more
Commercial Property Sale Contract
A Malaysian law-governed agreement for the sale and purchase of commercial property, establishing terms, conditions, and requirements for property transfer.
find out more
Sub Sale Agreement
A Malaysian legal document governing the sale of property between a current owner and new buyer, compliant with Malaysian property laws and regulations.
find out more
Assignment Of Purchase And Sale Agreement
A Malaysian law-governed agreement transferring rights and obligations under an existing Sale and Purchase Agreement from an original purchaser to a new purchaser.
find out more
Simple Buy Sell Agreement
A Malaysian law-governed agreement documenting the basic terms and conditions for the sale and purchase of goods between two parties.
find out more
Sale Of Sole Proprietorship Business Agreement
A Malaysian law-governed agreement for the complete transfer of ownership and assets of a sole proprietorship business from seller to buyer.
find out more
Bulk Sale Agreement
A Malaysian law-governed agreement for large-volume commercial transactions, detailing terms for bulk sale and purchase of goods between businesses.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s 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)
.png)