The Release From Contract Agreement is a crucial legal instrument used in Malaysian business and commercial relationships when parties wish to formally terminate their contractual obligations before the natural conclusion of the contract term. This document becomes necessary in various scenarios, such as early project completion, business restructuring, or mutual agreement to end a business relationship. It includes essential elements required under Malaysian law, including clear identification of the original contract, specific terms of release, any financial settlements, and mutual releases of claims. The agreement must comply with Malaysian contract law principles, particularly the Contracts Act 1950, and should be properly stamped under the Stamp Act 1949 to ensure legal enforceability.
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 parties involved in the release agreement, including their full legal names, registration numbers (if companies), and addresses
2. Background: Context of the original contract and the circumstances leading to the release agreement
3. Definitions: Key terms used throughout the agreement, including definition of the Original Contract and Release Date
4. Release Terms: Core terms of the release, including the specific obligations being released and the effective date of release
5. Mutual Release: Statement of mutual release of claims, rights, and obligations between the parties
6. Payment or Consideration: Details of any payment or consideration being made as part of the release
7. Governing Law: Specification that Malaysian law governs the agreement
8. Execution: Signature blocks and execution formalities
1. Confidentiality: Terms regarding confidentiality of the release agreement and original contract details, used when sensitive information is involved
2. Partial Release: Used when only specific obligations are being released while others remain in force
3. Representations and Warranties: Statements confirming parties' authority to enter into the release and that no claims have been assigned to third parties
4. Survival Clauses: Specification of any original contract terms that survive the release
5. Non-Disparagement: Provisions preventing parties from making negative statements about each other, useful in contentious releases
6. Tax Implications: Clauses addressing responsibility for any tax consequences of the release, important for high-value contracts
1. Original Contract: Copy or details of the original contract being released
2. Payment Schedule: If applicable, schedule of any payments or consideration as part of the release
3. Outstanding Obligations: List of any remaining obligations if partial release
4. Release Confirmation: Form of acknowledgment or confirmation of release completion
Relevant legal definitions
Clauses
Relevant Industries
Construction
Manufacturing
Professional Services
Information Technology
Real Estate
Retail
Healthcare
Education
Financial Services
Telecommunications
Relevant Teams
Legal
Commercial
Procurement
Operations
Finance
Compliance
Risk Management
Business Development
Corporate Secretariat
Contract Administration
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Project Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Procurement Manager
Operations Manager
Risk Manager
Compliance Officer
Company Secretary
Find the exact document you need
Hold Harmless Letter For Vehicle Release
A Malaysian legal document that releases liability and provides indemnification in vehicle release situations, governed by Malaysian transport and contract law.
find out more
Waiver Indemnification Agreement
A Malaysian law-governed agreement combining waiver of rights and indemnification provisions to manage risk and liability between contracting parties.
find out more
Sports Indemnity Form
A Malaysian-compliant legal form for sports risk acknowledgment and liability waiver, protecting both organizers and participants in sporting activities.
find out more
Release Of Covenant
A Malaysian legal document that removes previously registered property restrictions or obligations under Malaysian property law.
find out more
Model Release Agreement
A Malaysian law-governed agreement establishing terms for the use of a model's photographs and likeness, protecting both model and photographer/client rights.
find out more
Release And Covenant Not To Sue
A Malaysian law-governed agreement that releases specified claims and prevents future legal actions, providing a formal resolution to disputes or potential claims.
find out more
Co Performer Release Agreement
A Malaysian law-governed agreement that facilitates the release of co-performer rights to the main performer or production company.
find out more
Press Release Agreement
A Malaysian-law governed agreement establishing terms for press release services, including creation, approval, and distribution processes between an organization and service provider.
find out more
Release For Personal Injury Form
A Malaysian law-compliant document that settles personal injury claims by releasing liability in exchange for compensation.
find out more
Release From Contract Agreement
A Malaysian law-compliant agreement that formally releases parties from their contractual obligations and settles any outstanding matters.
find out more
Release Of Liability Waiver Form
A Malaysian law-compliant document where participants waive their right to sue for potential injuries or damages during specified activities.
find out more
Waiver Of Rights Agreement
A Malaysian law-governed agreement documenting the voluntary surrender of specific legal rights or claims by one party to another, ensuring compliance with local contract law requirements.
find out more
Waiver And Release Of Non Compete Obligations
A Malaysian law-governed agreement releasing an individual from existing non-compete obligations with their former employer.
find out more
Testimonial Agreement
A Malaysian law-governed agreement setting terms for providing and using testimonials or endorsements, ensuring legal compliance and protecting both parties' interests.
find out more
Resignation And Release Agreement
A Malaysian law-governed agreement documenting employment termination terms, final settlements, and mutual release of claims between employer and employee.
find out more
Resignation Agreement And General Release
A Malaysian law-governed agreement documenting employment termination terms and mutual release of claims between employer and employee.
find out more
Contract And Release
A Malaysian law-governed agreement combining contractual obligations with release provisions, used for settling disputes or managing liabilities.
find out more
Simple Release Agreement
A Malaysian law-governed agreement that formally documents the release of claims, rights, or obligations between parties.
find out more
Insurance Hold Harmless Agreement
A Malaysian law-governed agreement establishing insurance requirements and indemnification obligations between parties, combining hold harmless provisions with specific insurance coverage requirements.
find out more
Debt Waiver Agreement
A Malaysian law-governed agreement documenting a creditor's formal waiver of their right to collect a specified debt from a debtor.
find out more
Agreement Not To Sue
A Malaysian law-governed agreement where one party agrees not to pursue legal action against another party regarding specific claims or disputes.
find out more
Simple Waiver Of Liability Form
A Malaysian-law compliant liability waiver form that enables organizations to manage risk through participant acknowledgment and acceptance of activity-related risks.
find out more
Release And Settlement Of Claim
A Malaysian law-governed agreement that formalizes the settlement of claims between parties, providing a binding resolution to disputes.
find out more
Settlement Release Letter
A Malaysian law-governed document that formalizes dispute settlement terms and provides legal release of claims between parties.
find out more
Release From Tenancy Agreement
A Malaysian law-compliant agreement that formally terminates a tenancy agreement and releases parties from their future obligations.
find out more
Media Release Agreement
A Malaysian law-governed agreement that authorizes and regulates the use and distribution of media content while protecting the rights of all parties involved.
find out more
Lease Termination Letter 60 Days
A formal 60-day notice document for terminating a lease agreement under Malaysian law, providing essential details for ending a tenancy arrangement.
find out more
Talent Release Agreement
A Malaysian law-compliant agreement authorizing the use of an individual's likeness, performance, or creative contribution in various media formats.
find out more
Rental Agreement Termination Letter
A formal notice for terminating rental agreements in Malaysia, compliant with Malaysian property law and tenancy regulations.
find out more
Release And Waiver Of Liability Form
A Malaysian law-compliant document where participants waive their right to sue for potential injuries or damages during specified activities, providing legal protection to businesses and organizations.
find out more
Release And Indemnification Form
A Malaysian law-governed document combining release of liability and indemnification provisions to protect parties against potential claims and risks.
find out more
Release Of Guarantee Agreement
A Malaysian law-governed agreement that releases and discharges a guarantor from their obligations under an existing guarantee.
find out more
Parent Guardian Release And Indemnity Agreement
A Malaysian law-compliant agreement where parents/guardians release an organization from liability and provide indemnity regarding their child's participation in activities.
find out more
Equipment Rental Release Form
A Malaysian law-compliant document establishing terms, conditions, and liability releases for equipment rental arrangements between rental companies and renters.
find out more
Apartment Lease Termination Letter
A formal notice document used in Malaysia to terminate an apartment lease agreement, complying with Malaysian property law requirements.
find out more
Partnership Release Agreement
A Malaysian law-governed agreement that formally dissolves a partnership and provides mutual release of claims between partners.
find out more
Mutual Release Agreement Employment
A Malaysian law-governed mutual release agreement that facilitates the termination of employment relationships through reciprocal releases of claims between employer and employee.
find out more
Interview Release Agreement
A Malaysian law-governed agreement that establishes terms for recording, using, and distributing interview content while protecting both parties' interests.
find out more
Liability Indemnity Agreement
A Malaysian law-governed agreement establishing indemnification terms between parties, defining protection scope and claims procedures.
find out more
Personal Release Agreement
A Malaysian law-governed agreement establishing the release of rights, claims, or permissions between parties, providing legal protection and clarity for all involved.
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)