Broker Contract Agreement Template for Austria

The Broker Contract Agreement is essential for businesses operating in Austria that engage intermediaries to facilitate transactions or business relationships. This document serves as the foundational agreement between a principal and a broker, structured in compliance with Austrian commercial and civil law requirements, particularly the UGB and ABGB. It is commonly used when a company needs to formalize a relationship with an independent broker who will represent their interests in specific territories or market segments. The agreement covers crucial aspects such as commission structures, performance expectations, compliance requirements, and territorial rights, while incorporating necessary provisions for data protection under GDPR and specific industry regulations. It's particularly important in regulated industries where broker activities must adhere to strict legal and professional standards.

1. Parties: Identification of the principal and the broker, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement and brief description of the parties' intention to enter into a brokerage relationship

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Commission', 'Territory', etc.

4. Appointment and Scope: Formal appointment of the broker and detailed description of the authorized services and activities

5. Territory and Exclusivity: Definition of the geographical area where the broker is authorized to operate and whether the appointment is exclusive

6. Broker's Obligations: Detailed list of the broker's duties, responsibilities, and standard of service

7. Principal's Obligations: Principal's duties including provision of information, support, and cooperation

8. Commission Structure: Detailed explanation of commission calculations, payment terms, and conditions for commission eligibility

9. Payment Terms: Timing and method of commission payments, invoicing requirements, and handling of expenses

10. Compliance: Requirements for compliance with applicable laws, regulations, and professional standards

11. Confidentiality: Obligations regarding confidential information and trade secrets

12. Data Protection: GDPR compliance and data handling requirements

13. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

14. Post-Termination: Rights and obligations that survive termination, including commission on pending transactions

15. General Provisions: Standard legal clauses including governing law, notices, amendments, and dispute resolution