Malaysian Contract Law Principles

Malaysian Contract Law is based on the principle that a valid agreement requires clear consent, lawful consideration, and a lawful purpose. Both parties must willingly agree, with no pressure or misrepresentation. The parties’ intentions are key, and the terms must be certain. Contracts can be written or oral but must be legal and not against public policy. If these elements are met, the contract is enforceable, meaning each party must fulfill their promises. The law also provides remedies if a party fails to perform, ensuring fairness and trust in commercial and personal agreements.