Document background
The Buy Sale Agreement (Kaufvertrag) is a fundamental commercial document used in Austrian business and private transactions. It is the primary instrument for documenting the transfer of ownership of goods, property, or assets from one party to another in exchange for consideration. This agreement type is governed by the Austrian Civil Code (ABGB), particularly §§ 1053-1089, which establish the legal framework for sales contracts. The document is essential for both business-to-business and business-to-consumer transactions, requiring careful consideration of various legal requirements including consumer protection laws when applicable. It should be used whenever there is a transfer of ownership involving significant value or complexity, where parties need clear documentation of their rights and obligations, and where legal certainty is paramount.
