Write up for Heads of Agreement, Mou, Pre-Incorporation Contracts, Letter of Appointment and Letter Of Offer to Purchase
Date: 27th June 2023 (Tuesday)
Time: 10.30am – 12.30pm
Venue: Via Online Zoom
Price: RM99 per pax
Speaker:
Mr. David Kok
Managing Partner at Messrs David Kok & Partners (Advocate & Solicitors)
Mr. David has more than 25 years of experience as an advocate and solicitor and is currently the Managing Partner at Messrs David Kok & Partners (Advocates & Solicitors). He specialises in conveyancing matters and has extensive experience providing advisory services and handling housing and developmental projects at the corporate level. Mr David Kok is also a regular speaker on property matters organised by various developers, real estate agencies and bodies, investor groups like the KL and Selangor Investors Club and other related groups and organisations at local and international level.
Talk Points:
Heads of Agreement / Head of Terms
- Its meaning and its purpose.
- How to use such agreements?
- Implications of such agreement.
- Is it binding?
Memorandum of Understanding / Letter of Intent
- Its meaning and its purpose.
- Implications of such agreement.
- Is it binding?
- Advantages and Disadvantages of using a Mou/Letter of Intent.
Pre-Incorporation Contract
- Section 65 of the Companies Act 2016.
- How it works and does it bind the company?
Letter of Appointment and Letter of Offer to Purchase
Most people are not experts in purchasing or selling properties and will usually appoint agents or negotiators to do this task for them. Usually the agents or negotiators will do a good job of it, as it is in their interest to perform since they make a living out of it. But sometimes they may get into trouble or encounter many problems to causing them to not able to obtain their fees and also, they may fail to protect their client’s interest exposing themselves or their clients to problems and legal suits mainly because they are unable to prepare the Letter of Appointment and Letter of Offer to Purchase properly. Contrary to popular belief, the said letters are never standard and are instead customize to the requirements of the parties especially in this day and time. In view of the same this topic is to provide some of the essential matters that the parties may need to consider in preparing such letters or documents.