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In Malaysia, the relationship between tenants and landlords can be complex, especially when it comes to the security deposit. Have you encountered difficulties dealing with this issue as a landlord or tenant? This article will provide a helpful guide to navigating these challenges. We will focus on the common disputes, specifically the withholding of security deposits and the reasons given for alleged damages. This discussion aims to clarify common issues...

Definition of Partnership Agreement A partnership agreement is a written contract that expresses an understanding between two or more parties wishing to do business together. This document covers the business’s nature, each partner’s financial contribution, profit sharing, roles, responsibilities, decision-making, dispute resolution, and exit strategy. “A partnership agreement is a guiding light, leading to a successful business collaboration. It brings clarity, defines responsibilities, and prevents misunderstandings that could harm the...

A non-disclosure agreement (NDA), or a confidentiality agreement, is an agreement that sets the terms and conditions of a confidential relationship between two or more parties. It is a legal document for businesses and individuals who wish to protect their confidential information from being shared or used without their permission. Let’s explore the key elements of an NDA and consider the benefits of signing an NDA as a startup and...

What is minimum wage? Malaysia introduced its first national minimum wage policy in 2013. Before this, market forces largely determined wage levels, resulting in disparities and exploitation in specific sectors. Introducing a minimum wage was crucial to creating a fairer and more equitable society in Malaysia. Definition of minimum wage Minimum wage refers to the lowest amount of remuneration that employers are legally required to pay their employees for their...

According to the latest statistics from the Malaysian Department of Insolvency (MDI), Malaysia’s bankruptcy cases have risen in recent years. The latest number recorded by MDI shows that a total of 34,043 individuals were declared bankrupt from the year 2019 until April 2023. This indicates a concerning trend of financial distress among Malaysians and highlights the importance of understanding the process of declaring personal bankruptcy and seeking appropriate legal advice....

What is a small claim procedure? A small claim procedure in Malaysia is a simplified and cost-effective legal process designed to resolve small amounts of money disputes. It is an alternative to the regular court system, which can be time-consuming and expensive.  Its purpose is to make seeking justice more accessible and affordable to the general public, especially for cases where the disputed amount makes hiring a lawyer impracticable. Small claims dispute...