Contracts Act 1950 (Act 136) & Government Contracts Act 1949 (As at As At 10th November 2025) - 9789678927161 - ILBS
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Product Description
CONTRACTS ACT 1950 (ACT 136)
CONTRACTS (AMENDMENT) ACT 1976 (ACT A329)&
GOVERMENT CONTRACTS ACTS ACT 1949 (ACT120)
[As At 10th November 2025]
An Act relating to contracts.
Detailed Contents Of Contracts Act 1950 (Act 136) :
The Contracts Act 1950 (Act 136) and the Government Contracts Act 1949 (Act 120) are two important pieces of legislation in Malaysia that govern contractual relationships between parties.
The Contracts Act 1950 (Act 136) applies to all contracts made in Malaysia, except for contracts relating to immovable property, which are governed by the National Land Code 1965. This Act defines the essential elements of a valid contract, which include offer and acceptance, consideration, intention to create legal relations, capacity to contract, and certainty and completeness of terms. It also lays out the rules for the interpretation of contracts, performance of contractual obligations, and remedies for breach of contract, including damages and specific performance.
The Government Contracts Act 1949 (Act 120) applies to contracts entered into by the government or any of its departments, agencies, or statutory bodies. This Act lays down specific provisions for the award and administration of government contracts, including the procedures for tendering, the rights and obligations of the parties, and the remedies available in case of breach. This Act also provides for the establishment of a Contract Review Committee to review and make recommendations on government contracts.