Malaysia legislation
Section 35
Section 35
(2)
For the purposes of this section, it is a conditional payment provision when—
(a)
the obligation of one party to make payment is conditional upon that party having received payment from a third party; or
(b)
the obligation of one party to make payment is conditional upon the availability of funds or drawdown of financing facilities of that party.
Construction Industry Payment and Adjudication 25
Default provisions in the absence of terms of payment