Document background
The Advisory Agreement serves as a fundamental legal document for establishing professional advisory relationships under Austrian law. It is typically used when an advisor or advisory firm agrees to provide specialized professional services to a client, whether corporate or individual. The agreement covers essential elements such as service scope, fee structures, confidentiality obligations, and liability provisions, while ensuring compliance with Austrian regulatory requirements, including the Austrian Civil Code (ABGB), Commercial Code (UGB), and data protection regulations. This document is particularly important in professional services contexts where clear delineation of responsibilities, deliverables, and legal protections is crucial for both parties. The Advisory Agreement should be customized based on the specific nature of services, industry requirements, and the parties' particular needs while maintaining compliance with Austrian legal frameworks.
