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A Deferred Payment Agreement is essential in commercial transactions where immediate payment is not required or possible. This document, governed by Malaysian law, enables parties to formalize arrangements where payment for goods, services, or other obligations is made over time rather than immediately. The agreement typically includes detailed payment schedules, interest calculations, and default provisions, complying with Malaysian financial regulations and contract law. It's particularly useful in large commercial transactions, asset purchases, or supplier arrangements where extended payment terms are negotiated. The document must conform to Malaysian legal requirements, including the Contracts Act 1950 and Financial Services Act 2013, and can incorporate various security structures to protect the creditor's interests.

1. Parties: Identification and details of the parties entering into the agreement

2. Background: Context of the agreement, including the underlying transaction or obligation giving rise to the deferred payment arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Payment Terms: Details of the total amount owed, payment schedule, and payment method

5. Interest and Charges: Specification of any interest rates, late payment charges, or other applicable fees

6. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority to enter into the agreement

7. Events of Default: Circumstances constituting default and consequences thereof

8. Remedies: Rights and remedies available to parties in case of default or breach

9. Notices: Process and requirements for formal communications between parties

10. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes