Business Agreement Between Two Parties for Austria

Business Agreement Between Two Parties Template for Austria

This is a comprehensive business agreement template designed for use under Austrian law, specifically crafted to establish and govern commercial relationships between two business entities. The document incorporates requirements from the Austrian Civil Code (ABGB) and Commercial Code (UGB), ensuring compliance with local legal requirements while providing flexibility for various business arrangements. It includes essential provisions for contract formation, performance obligations, liability allocation, dispute resolution, and termination conditions, all aligned with Austrian business law principles and commercial practices.

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What is a Business Agreement Between Two Parties?

This Business Agreement Between Two Parties serves as a foundational document for establishing formal commercial relationships under Austrian law. It is designed for use when two business entities need to formalize their business arrangement, whether for service provision, supply agreements, collaboration, or other commercial purposes. The agreement complies with Austrian legal requirements, including the ABGB (Austrian Civil Code) and UGB (Commercial Code), while incorporating international best practices. It contains comprehensive provisions for defining the business relationship, including rights, obligations, payment terms, liability provisions, and dispute resolution mechanisms. This template is particularly useful for businesses operating in Austria or those entering into agreements governed by Austrian law, providing a structured framework that can be customized to specific business needs while maintaining legal compliance.

What sections should be included in a Business Agreement Between Two Parties?

1. Parties: Detailed identification of the contracting parties, including company registration numbers, addresses, and authorized representatives

2. Background: Context of the agreement and brief description of why the parties are entering into this contract

3. Definitions: Clear definitions of key terms used throughout the agreement

4. Subject Matter of Agreement: Clear description of the primary purpose and scope of the agreement

5. Rights and Obligations: Detailed description of each party's rights and responsibilities under the agreement

6. Payment Terms: Details of pricing, payment schedule, invoicing, and payment methods

7. Term and Termination: Duration of the agreement and conditions for termination

8. Confidentiality: Obligations regarding confidential information and trade secrets

9. Liability and Indemnification: Scope of liability, limitations, and indemnification obligations

10. Force Majeure: Provisions for unforeseen circumstances preventing contract fulfillment

11. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

12. General Provisions: Standard legal provisions including severability, entire agreement, and amendments

13. Execution: Signature blocks and execution requirements

What sections are optional to include in a Business Agreement Between Two Parties?

1. Intellectual Property Rights: Required when the agreement involves IP transfer, licensing, or protection

2. Data Protection: Required when personal data processing is involved, ensuring GDPR compliance

3. Non-Competition: Optional clause restricting competitive activities, subject to Austrian competition law

4. Insurance: Required when specific insurance coverage needs to be maintained by either party

5. Quality Standards: Required for agreements involving product supply or service delivery standards

6. Audit Rights: Optional provision allowing examination of records or performance verification

7. Assignment and Subcontracting: Required when transfer of rights or subcontracting needs to be addressed

8. Warranties: Required when specific guarantees or warranties are being provided

What schedules should be included in a Business Agreement Between Two Parties?

1. Schedule 1 - Service Level Agreement: Detailed performance metrics and service standards

2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, rates, and payment terms

3. Schedule 3 - Technical Specifications: Detailed technical requirements or product specifications

4. Schedule 4 - Key Personnel: List of key contacts and responsible personnel from both parties

5. Schedule 5 - Data Processing Agreement: Required for GDPR compliance when personal data is processed

6. Appendix A - Form of Notice: Template for formal notices under the agreement

7. Appendix B - Change Order Form: Template for documenting agreed changes to services or deliverables

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Austria

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Information Technology

Professional Services

Retail

Wholesale Trade

Construction

Healthcare

Financial Services

Logistics and Transportation

Real Estate

Energy

Telecommunications

Consulting

Agriculture

Tourism and Hospitality

Relevant Teams

Legal

Business Development

Commercial

Executive

Finance

Procurement

Operations

Risk Management

Compliance

Sales

Project Management

Account Management

Relevant Roles

Legal Counsel

Business Development Manager

Commercial Director

Chief Executive Officer

Chief Financial Officer

Contract Manager

Procurement Manager

Operations Director

Risk Manager

Compliance Officer

General Manager

Sales Director

Project Manager

Account Manager

Managing Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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