Document background
The Cancellation Contract (Aufhebungsvertrag) is a crucial legal instrument under Austrian law used when parties wish to terminate their existing contractual relationship by mutual consent. This document is particularly relevant when parties want to end their obligations earlier than originally agreed or under different terms than those specified in the original contract's termination provisions. It's commonly used in various contexts, including employment relationships, service agreements, lease contracts, and commercial partnerships. The agreement must comply with Austrian civil law requirements, particularly the ABGB (Austrian Civil Code), and should address all essential aspects of the termination, including financial settlements, property returns, and mutual releases. The document provides legal certainty and helps prevent future disputes by clearly documenting the parties' agreement to terminate their relationship and the terms of such termination.
