Longevity (M) Sdn Bhd is involved in several property development projects. In September 2020, it entered into a joint venture

Longevity (M) Sdn Bhd is involved in several property development projects. In September 2020, it entered into a joint venture

Question:

Longevity (M) Sdn Bhd is involved in several property development projects. In September 2020, it entered into a joint venture agreement with Prosperity Construction (M) Sdn Bhd to develop a parcel of land belonging to Prosperity Construction (M) Sdn Bhd into a township in Negri Sembilan. However, owing to a disagreement between the two companies and weak economy, the joint venture was terminated and Longevity (M) Sdn Bhd received a sum of RM12 million as compensation to terminate the joint venture agreement.

Request:
Explain the relevant badges of trade and provide the case law to support the answer.

Expert Answer:

Answer rating: 100% (QA)

In the context of the situation described involving Longevity M Sdn Bhd and the termination of their joint venture with Prosperity Construction M Sdn Bhd the concept of badges of trade refers to the v
View the full answer