Business Asset Purchase Agreement Template for Austria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Business Asset Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Business Asset Purchase Agreement

"I need a Business Asset Purchase Agreement under Austrian law for acquiring manufacturing equipment and related IP rights from a medium-sized industrial company, with completion planned for March 2025, including provisions for employee transfer and environmental compliance."

Document background
The Business Asset Purchase Agreement is a fundamental document used in Austrian business transactions when one entity wishes to acquire specific assets of another entity without purchasing the entire company. This agreement is particularly relevant under Austrian law when parties prefer asset deals over share deals, typically to select specific assets and liabilities rather than acquiring an entire legal entity. The document must comply with Austrian legal requirements, including the ABGB (Austrian Civil Code), UGB (Commercial Code), and various tax regulations. It is commonly used in business restructurings, partial business acquisitions, or when buyers wish to avoid inheriting certain company liabilities. The agreement covers crucial elements such as asset identification, purchase price, transfer mechanics, warranties, and specific Austrian legal requirements regarding asset transfers, employee rights, and tax implications.
Suggested Sections

1. Parties: Identification and details of the seller and purchaser, including registration numbers and addresses

2. Background: Context of the transaction, brief description of the business and assets being sold

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Sale and Purchase: Core transaction terms including the assets being sold and excluded assets

5. Purchase Price: Details of the purchase price, payment terms, and any adjustments

6. Conditions Precedent: Any conditions that must be satisfied before completion

7. Pre-Completion Obligations: Obligations of both parties between signing and completion

8. Completion: Process and requirements for closing the transaction

9. Seller's Warranties: Warranties regarding the business, assets, and seller's capacity

10. Purchaser's Warranties: Warranties regarding the purchaser's capacity and authority

11. Liability and Indemnification: Scope of liability and indemnification obligations

12. Confidentiality: Obligations regarding confidential information

13. Announcements: Requirements for public announcements about the transaction

14. Further Assurance: Obligations to take additional steps to give effect to the agreement

15. Governing Law and Jurisdiction: Specification of Austrian law and jurisdiction

16. Notices: Process for giving formal notices under the agreement

17. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

Optional Sections

1. Employee Matters: Required when employees are being transferred with the business, addressing AVRAG requirements

2. Intellectual Property Rights: Required when significant IP assets are part of the transaction

3. Real Property: Required when real estate assets are included in the sale

4. Environmental Matters: Required when the business involves environmental risks or permits

5. Data Protection: Required when personal data processing is a significant aspect of the business

6. Competition Restrictions: Required when non-compete provisions are needed

7. Transition Services: Required when the seller will provide post-completion services

8. Tax Matters: Required when specific tax arrangements or indemnities are needed

9. Debt and Encumbrances: Required when there are significant liabilities or security interests to address

Suggested Schedules

1. Schedule 1 - Assets: Detailed list and description of all assets being transferred

2. Schedule 2 - Excluded Assets: List of assets explicitly excluded from the transaction

3. Schedule 3 - Properties: Details of any real estate included in the sale

4. Schedule 4 - Intellectual Property: List of all IP rights being transferred

5. Schedule 5 - Employees: List of transferring employees and their key employment terms

6. Schedule 6 - Material Contracts: List of key contracts being transferred

7. Schedule 7 - Warranties: Detailed seller's warranties

8. Schedule 8 - Completion Deliverables: List of documents and items to be delivered at completion

9. Schedule 9 - Permitted Encumbrances: List of permitted liens and encumbrances on the assets

10. Appendix A - Form of Transfer Instruments: Templates for specific asset transfer documents

11. Appendix B - Completion Agenda: Detailed steps for the completion process

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

Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Retail

Technology

Professional Services

Healthcare

Real Estate

Hospitality

Industrial

Energy

Transportation

Construction

Agriculture

Financial Services

Media and Entertainment

Telecommunications

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Tax

Compliance

Risk Management

Human Resources

Operations

Strategy

Due Diligence

Integration

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Director

Corporate Lawyer

Finance Director

Business Development Manager

Mergers & Acquisitions Manager

Tax Manager

Risk Manager

Compliance Officer

Operations Director

Human Resources Director

Company Secretary

Investment Manager

Due Diligence Specialist

Integration Manager

Industries
Austrian Civil Code (ABGB - Allgemeines Bürgerliches Gesetzbuch): Fundamental law governing contracts, property rights, and general civil law matters in Austria. Particularly relevant sections include contract formation, validity requirements, and property transfer provisions.
Austrian Commercial Code (UGB - Unternehmensgesetzbuch): Regulates commercial transactions and business relationships. Particularly relevant for business asset purchases, including provisions on commercial sales and warranties.
Austrian Corporate Income Tax Act (KStG - Körperschaftsteuergesetz): Governs taxation aspects of business asset transfers, including potential tax implications and obligations for both buyer and seller.
Value Added Tax Act (UStG - Umsatzsteuergesetz): Regulates VAT implications of asset transfers, including potential VAT exemptions for business unit transfers.
Employment Contract Law Adaptation Act (AVRAG - Arbeitsvertragsrechts-Anpassungsgesetz): Governs the transfer of employees in case of business transfers, including provisions on employee rights and obligations of the new owner.
Austrian Stamp Duty Act (GebG - Gebührengesetz): Regulates stamp duties and other fees that may apply to the documentation of asset purchase transactions.
Data Protection Act (DSG - Datenschutzgesetz): Governs the handling and transfer of personal data in business transactions, ensuring compliance with GDPR requirements.
Austrian Merger Control Regulations (Part of the Cartel Act - KartG): May be relevant if the asset purchase meets certain thresholds requiring merger control approval.
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

Find the exact document you need

Option To Purchase Real Estate Agreement Form

An Austrian law-governed agreement granting the right to purchase specific real estate within a set timeframe under predetermined conditions.

find out more

Land Purchase And Sale Contract

An Austrian law-governed agreement for the transfer of real estate ownership, complying with ABGB requirements and including necessary provisions for land registry registration.

find out more

Horse Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of a horse, detailing terms, conditions, and warranties of the transaction.

find out more

Generic Purchase Agreement For House

Austrian house purchase agreement template compliant with local real estate laws and land registry requirements.

find out more

Letter Of Intent (Real Estate)

An Austrian law-governed preliminary document outlining key terms and conditions for a potential real estate transaction, setting the framework for negotiations and due diligence.

find out more

Buyer Agreement

An Austrian law-governed agreement setting out terms and conditions for the purchase of goods or services between buyer and seller.

find out more

Buy Sell Agreement (Real Estate)

An Austrian law-governed agreement for the sale and purchase of real estate property, requiring notarization and land register registration.

find out more

Option Contract (Real Estate)

An Austrian law-governed agreement granting the exclusive right to purchase specified real estate at predetermined terms within a defined period, subject to Austrian formal requirements and land registration rules.

find out more

Letter Of Intent Commercial (Real Estate)

An Austrian law-governed preliminary document outlining key terms and conditions for proposed commercial real estate transactions, setting the framework for subsequent negotiations.

find out more

Land Purchase Option Agreement

An Austrian law-governed agreement granting an exclusive right to purchase specified real estate within a defined period under preset terms.

find out more

Securities Purchase Agreement

An Austrian law-governed agreement documenting the terms and conditions for the purchase and sale of securities, ensuring compliance with local securities regulations and market requirements.

find out more

Used Car Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of a used vehicle, detailing transaction terms and compliance requirements.

find out more

Car Purchase Contract

An Austrian law-governed agreement for the sale and purchase of motor vehicles, compliant with ABGB and relevant vehicle regulations.

find out more

Sell Agreement

An Austrian law-governed agreement for the sale and purchase of goods, property, or assets, compliant with ABGB requirements.

find out more

Offer To Purchase Agreement

An Austrian law-governed document presenting a formal offer to purchase property or assets, outlining key terms and conditions of the proposed acquisition.

find out more

Letter Of Intent To Purchase

An Austrian-law governed preliminary document expressing serious intent to purchase an asset, property, or business, outlining key terms while maintaining a primarily non-binding nature.

find out more

Option To Buy Agreement

An Austrian law-governed agreement granting the right to purchase an asset at predetermined terms within a specified period.

find out more

Lease Agreement With Option To Purchase

An Austrian law-governed agreement combining property lease terms with an option for the tenant to purchase the property under specified conditions.

find out more

Contract For Selling A Car

An Austrian law-compliant contract template for the sale and purchase of motor vehicles, suitable for both private and commercial transactions.

find out more

Contingent Purchase Agreement

An Austrian law-governed agreement setting out terms for a purchase transaction subject to specific conditions precedent, incorporating Austrian civil and commercial law requirements.

find out more

Conditional Purchase Agreement

An Austrian law-governed agreement for a purchase transaction subject to specific conditions precedent, detailing terms, conditions, and transfer requirements.

find out more

Commercial Real Estate Contract

An Austrian law-governed agreement for the purchase and sale of commercial real estate, incorporating all essential elements required under Austrian property legislation.

find out more

Private Sale Purchase Agreement

An Austrian law-governed agreement documenting the sale and purchase of goods or assets between private parties or businesses, structured according to ABGB requirements.

find out more

Option To Purchase Contract

An Austrian law-governed agreement granting the right to purchase specified property under preset terms within a defined period.

find out more

Letter Of Sales Agreement

An Austrian-law governed letter-format document that formalizes a sales transaction between parties, combining business correspondence with legally binding sales terms.

find out more

Lease With Option To Buy

An Austrian law-governed agreement combining property lease terms with a future purchase option, compliant with ABGB and MRG requirements.

find out more

Land Sales Agreement

An Austrian-law governed agreement for the sale and transfer of real estate property, requiring notarization and land register registration.

find out more

Entity Purchase Buy Sell Agreement

An Austrian law-governed agreement for the purchase and sale of a business entity, detailing all transaction terms and conditions.

find out more

State Price Agreement

An Austrian law-governed agreement establishing standardized pricing and terms between government entities and suppliers for public sector procurement.

find out more

Purchasers Agreement

An Austrian law-governed agreement documenting the sale and purchase of goods, property, or assets, compliant with the ABGB (Austrian Civil Code).

find out more

Real Estate Agreement Of Purchase And Sale

Austrian real estate purchase agreement that facilitates property ownership transfer, requiring notarization and compliance with Austrian property law.

find out more

Used Vehicle Purchase Agreement

An Austrian law-compliant agreement for the sale and purchase of used vehicles, suitable for both private and commercial transactions.

find out more

Hydrogen Purchase Agreement

An Austrian law-governed agreement for the commercial sale and purchase of hydrogen, including delivery, quality, and pricing terms.

find out more

High Purchase Agreement Form

An Austrian-law governed agreement enabling purchase of goods through installments with seller retaining ownership until final payment.

find out more

Home Buyers Agreement

An Austrian property purchase contract that documents the legal transfer of real estate ownership, governed by Austrian civil law and requiring notarization.

find out more

Art Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of artwork, including provisions for authenticity, provenance, and ownership transfer.

find out more

Token Purchase Agreement

An Austrian law-governed agreement establishing terms and conditions for digital token purchases, including regulatory compliance, token specifications, and transaction mechanics.

find out more

Contract For Sale And Purchase

An Austrian law-governed agreement documenting the sale and purchase of goods or property, establishing terms and conditions for ownership transfer.

find out more

Purchasing Agent Agreement

An Austrian law-governed agreement appointing an agent to conduct purchasing activities on behalf of a principal company, setting out their rights, duties, and commercial terms.

find out more

Option Purchase Agreement Film

An Austrian-law agreement granting exclusive rights to purchase film rights to a creative work within a specified period, subject to Austrian copyright and civil law.

find out more

New Car Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of a new motor vehicle, incorporating all essential elements required under Austrian consumer protection and automotive regulations.

find out more

Forward Purchase Contract

An Austrian law-governed agreement establishing terms for future purchase of goods or assets at a predetermined price and delivery date.

find out more

Contract For Dog Purchase

An Austrian law-governed contract for dog purchase, covering ownership transfer, health guarantees, and compliance with animal welfare regulations.

find out more

Simple Real Estate Purchase Contract

An Austrian law-compliant contract for the purchase and sale of real estate, facilitating legal property transfer between parties.

find out more

Preliminary Sale And Purchase Agreement

An Austrian law preliminary agreement (Vorvertrag) establishing parties' commitment to enter into a future purchase agreement, governed by the ABGB.

find out more

Partnership Interest Purchase Agreement

An Austrian law-governed agreement for the transfer of partnership interests, detailing sale terms and ensuring compliance with local partnership regulations.

find out more

Quota Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of shares (quotas) in limited liability companies (GmbH), including transfer terms and conditions.

find out more

Copyright Purchase Agreement

An Austrian law-governed agreement for the transfer of copyright ownership from one party to another, compliant with local and EU copyright regulations.

find out more

Convertible Promissory Note Purchase Agreement

An Austrian law-governed agreement for the issuance of convertible promissory notes, detailing investment terms, conversion rights, and regulatory compliance requirements.

find out more

Buyer Contract Agreement

An Austrian law-governed agreement setting out terms and conditions for the purchase of goods or services, incorporating key provisions under Austrian civil and commercial codes.

find out more

Private Sale Vehicle Purchase Agreement

An Austrian law-compliant purchase agreement for private vehicle sales, documenting vehicle details, price, and ownership transfer terms.

find out more

Prepaid Forward Purchase Agreement

An Austrian law-governed agreement for the advance payment and future delivery of assets, outlining prepayment terms, delivery obligations, and settlement procedures.

find out more

Business Sell Agreement

An Austrian law-governed agreement for the sale and purchase of a business, detailing terms, conditions, and obligations of the transaction.

find out more

Sales Contract Form

An Austrian law-governed contract template establishing terms and conditions for the sale of goods, compliant with Austrian Civil and Commercial Codes.

find out more

Contract Of Sale Of Motor Vehicle

An Austrian law-governed agreement for the sale and transfer of ownership of a motor vehicle, compliant with ABGB and motor vehicle regulations.

find out more

Vehicle Purchase Agreement

An Austrian law-governed agreement documenting the sale and purchase of a vehicle, including essential terms, conditions, and ownership transfer requirements.

find out more

Vacant Land Purchase Agreement

An Austrian law-governed agreement for the purchase and sale of vacant land, complying with ABGB requirements and local property regulations.

find out more

Simple Vacant Land Purchase Agreement

Austrian law-compliant agreement for the purchase and sale of vacant land, including essential transfer provisions and land registration requirements.

find out more

Simple Asset Purchase Agreement

An Austrian law-governed agreement for the purchase and sale of assets, outlining key terms including price, payment, and transfer conditions.

find out more

Medical Equipment Purchase Agreement

An Austrian law-governed agreement for the purchase of medical equipment, compliant with EU MDR and local healthcare regulations.

find out more

Future Purchase Agreement

An Austrian-law governed Future Purchase Agreement establishing parties' obligations for a future purchase transaction under specified conditions.

find out more

Mortgage Purchase Agreement

An Austrian law agreement for the transfer of mortgage rights between financial institutions, including all associated rights and obligations.

find out more

Livestock Purchase Agreement

An Austrian law-governed agreement for the purchase and sale of livestock, including terms for animal transfer, health requirements, and regulatory compliance.

find out more

Furniture Purchase Agreement

An Austrian law-governed agreement setting out terms and conditions for furniture purchase and sale, compliant with ABGB and relevant consumer protection legislation.

find out more

Buyer Seller Contract

Austrian law-governed contract template for sale and purchase of goods or property, incorporating key provisions of Austrian Civil and Commercial Codes.

find out more

Company Purchase Agreement

An Austrian law-governed agreement for the purchase and sale of a company, detailing all terms and conditions of the transaction.

find out more

Volume Purchase Agreement

An Austrian law-governed agreement establishing terms for bulk purchasing arrangements, including volume commitments and tiered pricing structures.

find out more

Trademark Purchase Agreement

An Austrian law-governed agreement for the sale and transfer of trademark ownership, including all terms, conditions, and regulatory compliance requirements.

find out more

Software Purchase Agreement

An Austrian law-governed agreement for software purchase and licensing, defining terms between vendor and purchaser.

find out more

Patent Purchase Agreement

An Austrian law-governed agreement for the transfer of patent rights from seller to purchaser, compliant with Austrian and EU patent regulations.

find out more

Heat Purchase Agreement

An Austrian law-governed agreement for the supply and purchase of thermal energy, establishing technical specifications, commercial terms, and operational requirements.

find out more

Deed Of Sale Contract

An Austrian law-governed Deed of Sale Contract for transferring ownership of property or assets, complying with ABGB requirements.

find out more

Buy Out Agreement

An Austrian law-governed agreement documenting the terms and conditions of a business acquisition or buyout, including ownership transfer details and regulatory compliance requirements.

find out more

Business Asset Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of business assets, detailing terms of transfer and compliance with local regulations.

find out more

Vehicle Lease Purchase Agreement

An Austrian law-governed agreement combining vehicle leasing with a purchase option, setting out terms for vehicle use, payments, and eventual ownership transfer.

find out more

International Purchase Agreement

Austrian law-governed international purchase agreement for cross-border sale of goods, incorporating CISG and EU regulations.

find out more

Intent To Purchase Agreement

An Austrian law-governed preliminary agreement outlining parties' commitment to enter into a future purchase agreement, subject to specified conditions and due diligence.

find out more

Intellectual Property Sale Agreement

An Austrian law-governed agreement for the sale and transfer of intellectual property rights between parties, including all necessary transfer provisions and compliance requirements.

find out more

Contract For Sale Of Business

An Austrian law-governed agreement for the sale and purchase of a business, including transfer of assets, liabilities, employees, and associated rights.

find out more

Auto Sales Agreement

Austrian-law governed Auto Sales Agreement for vehicle ownership transfer, compliant with ABGB and KSchG requirements.

find out more

Shares Purchase Agreement

An Austrian law-governed agreement documenting the sale and purchase of company shares, including transaction terms, warranties, and completion mechanics.

find out more

Private Purchase Agreement

An Austrian law-governed agreement documenting the sale and purchase of property or goods between private parties, regulated by the Austrian Civil Code (ABGB).

find out more

Residential Real Estate Purchase Contract

An Austrian law-governed contract for the purchase and sale of residential real estate, requiring notarization and compliance with Austrian property transfer regulations.

find out more

Real Estate Contract For Sale By Owner

An Austrian law-governed agreement for direct property sale between owner and buyer, without real estate agent involvement.

find out more

Membership Interest Purchase Agreement

An Austrian law-governed agreement for the purchase and sale of membership interests in an Austrian limited liability company (GmbH), including all essential transaction terms and required local law provisions.

find out more

Bulk Purchase Agreement

Austrian law-governed agreement establishing terms for regular bulk purchases, including commitments, pricing, delivery, and quality requirements.

find out more

Assignable Real Estate Contract

An Austrian law-governed real estate purchase agreement with assignment rights, including provisions for property transfer and registration.

find out more

Letter Of Intent To Sell Business

An Austrian law-governed preliminary document outlining the proposed terms and conditions for a business sale transaction, serving as a framework for negotiations and due diligence.

find out more

Service Purchase Agreement

An Austrian law-governed agreement establishing terms and conditions for professional service delivery between a service provider and customer.

find out more

Private Sales Agreement

An Austrian law-compliant Private Sales Agreement template for documenting sales between private parties or small businesses.

find out more

Preliminary Sales Agreement

An Austrian law-governed preliminary agreement that establishes binding terms and conditions for a future sales transaction, regulated under ABGB § 936.

find out more

Letter Of Intent To Supply Goods

An Austrian law-governed preliminary document outlining proposed terms for a future supply arrangement, typically non-binding except for specific provisions.

find out more

Buy And Sale Agreement

An Austrian law-governed agreement documenting the sale and transfer of assets, goods, or property between parties, compliant with ABGB requirements.

find out more

Business Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of a business enterprise or its assets, complying with ABGB and UGB requirements.

find out more

Non Disclosure Agreement For Sale Of Business

Austrian-law NDA template for protecting confidential information during business sale transactions, incorporating local commercial law requirements and EU regulations.

find out more

Letter Of Intent To Buy Property

An Austrian law-governed preliminary document outlining key terms and conditions for a proposed property purchase, serving as a framework for the final purchase agreement.

find out more

Intellectual Property Purchase Agreement

Austrian law-governed agreement for the transfer of intellectual property rights between parties, including terms of sale, warranties, and transfer mechanics.

find out more

Motorcycle Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of a motorcycle, detailing vehicle specifications, price, and transfer terms.

find out more

Debt Purchase Agreement

An Austrian law agreement for the sale and transfer of debt or debt portfolios between financial institutions and investors, compliant with Austrian civil and banking regulations.

find out more

Apartment Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of residential apartment property, compliant with ABGB and WEG 2002 requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.