As a copy editor with experience in SEO, it is important to know the limitations of breach of contract in Malaysia. In any business agreement or contract, both parties agree to certain terms and conditions that must be fulfilled. However, there are instances where a party may fail to meet their obligations, resulting in a breach of contract.
In Malaysia, there is a legal framework in place to handle such situations. The limitation period for breach of contract in Malaysia is set out in the Limitation Act 1953. This act outlines the time period within which a party may file a claim against the other party for breach of contract.
According to the Limitation Act, the limitation period for breach of contract in Malaysia is six years from the date of the breach. This means that if a party breaches a contract, the other party has six years from the date of the breach to file a claim against them.
It is important to note that the limitation period begins from the date of the breach, not the date that the breach was discovered. This means that if the breach was discovered two years after it occurred, the limitation period would still be six years from the date of the breach.
It is also worth noting that some contracts may have specific clauses outlining the limitations of liability, which could affect the limitation period for breach of contract. In such cases, it is important to consult with a legal expert to fully understand the limitations of liability and any other relevant clauses in the contract.
In conclusion, the limitation period for breach of contract in Malaysia is six years from the date of the breach. It is important for businesses to understand the legal framework surrounding breach of contract and to seek legal counsel if necessary. By doing so, businesses can protect themselves and ensure that they are able to enforce their contractual rights if needed.