Document background
The Business Broker Contract serves as a fundamental document for establishing professional relationships between business brokers and their clients in Austria. This agreement is essential when engaging a broker to facilitate business transactions, whether for business sales, acquisitions, mergers, or similar commercial arrangements. The contract, governed by Austrian law, particularly the UGB (Unternehmensgesetzbuch) and Maklergesetz, defines the scope of services, compensation structure, and mutual obligations of the parties. It includes crucial provisions for confidentiality, exclusivity (if applicable), and success fee arrangements, while ensuring compliance with Austrian regulatory requirements and business practices. The document is particularly important for protecting both parties' interests and establishing clear parameters for the brokerage relationship.
