Agreement Of Sale Of Motor Vehicle Template for Austria

The Agreement Of Sale Of Motor Vehicle is a crucial document used in Austria for documenting the legal transfer of ownership of a motor vehicle between parties. This agreement is designed to comply with Austrian legal requirements, including the ABGB (Austrian Civil Code), Consumer Protection Act, and Motor Vehicle Act. It is commonly used in both private sales and commercial transactions through dealerships, providing a comprehensive framework for the sale process. The document includes essential information such as vehicle details, price, payment terms, warranties, and transfer procedures. It serves as official documentation for registration authorities and insurance purposes, while protecting both parties' interests by clearly stating their rights and obligations. The agreement is particularly important in Austria due to strict vehicle transfer regulations and documentation requirements for registration changes.

1. Parties: Identification of the seller and buyer with full legal names, addresses, and identification numbers

2. Background: Brief context of the sale and confirmation that the seller owns the vehicle and has the right to sell it

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, mileage, and condition

5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule

6. Transfer of Ownership: Terms regarding the transfer of title and registration, including timing and responsibilities

7. Seller's Representations: Seller's warranties about the vehicle's condition, ownership, and absence of encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Completion: Details of the completion process, including location, time, and required documentation

10. Insurance and Risk: Provisions regarding insurance requirements and transfer of risk

11. Governing Law: Confirmation that the agreement is governed by Austrian law

12. Signatures: Execution blocks for both parties and date of signing