Commercial Agreement Of Purchase And Sale 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 Commercial Agreement Of Purchase And Sale

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:

Commercial Agreement Of Purchase And Sale

"I need a Commercial Agreement of Purchase and Sale governed by Austrian law for the sale of industrial manufacturing equipment worth €2.5 million, with payment in three installments and delivery scheduled for March 2025."

Document background
The Commercial Agreement of Purchase and Sale is a fundamental document in Austrian business transactions, essential for formalizing the transfer of goods, assets, or property between commercial entities. This agreement is particularly relevant when businesses need to document significant purchases or sales, ensuring compliance with Austrian legal requirements under the ABGB (Austrian Civil Code) and UGB (Commercial Code). It's commonly used for both domestic and international transactions, incorporating necessary provisions for VAT, property transfer, and regulatory compliance. The document should be used whenever there's a substantial commercial sale transaction that requires formal documentation of terms, conditions, warranties, and risk allocation. It typically includes detailed specifications of the sale object, price mechanisms, delivery terms, and dispute resolution procedures, while accounting for Austrian-specific legal requirements and business practices.
Suggested Sections

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

2. Background: Context of the transaction and relationship between the parties

3. Definitions and Interpretation: Definitions of key terms and rules for interpreting the agreement

4. Object of Sale: Detailed description of the goods or assets being sold

5. Purchase Price: Purchase price, payment terms, and payment method

6. Delivery and Transfer of Ownership: Terms regarding delivery, transfer of title, and risk

7. Seller's Representations and Warranties: Warranties regarding ownership, condition, and quality of the sale object

8. Purchaser's Representations and Warranties: Warranties regarding authority to enter into agreement and financial capacity

9. Conditions Precedent: Conditions that must be met before completion of the sale

10. Closing Procedure: Steps and requirements for completing the transaction

11. Tax Matters: Allocation of tax responsibilities and VAT considerations

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

13. Termination: Circumstances under which the agreement can be terminated

14. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction

15. General Provisions: Standard contractual provisions including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Required when the sale includes IP assets or licenses

2. Employee Matters: Needed when the sale involves transfer of employees or employment-related obligations

3. Confidentiality: Additional confidentiality provisions for sensitive commercial transactions

4. Non-Competition: Restrictions on future competitive activities, if relevant to the transaction

5. Due Diligence: Process and requirements for buyer's investigation of the sale object

6. Financing Conditions: Include when purchase is subject to financing arrangements

7. Environmental Matters: Required for sales involving property or businesses with environmental implications

8. Insurance: Special insurance requirements during transition period

9. Post-Closing Obligations: Specific obligations after completion of the sale

10. Force Majeure: Provisions for unforeseen circumstances affecting performance

Suggested Schedules

1. Schedule 1 - Asset Description: Detailed specification of goods or assets being sold

2. Schedule 2 - Purchase Price Calculation: Breakdown of purchase price components and calculations

3. Schedule 3 - Excluded Assets: List of assets specifically excluded from the sale

4. Schedule 4 - Required Consents: List of third-party consents required for the transaction

5. Schedule 5 - Encumbrances: List of existing liens, encumbrances, or restrictions

6. Schedule 6 - Closing Deliverables: List of documents and items to be delivered at closing

7. Appendix A - Form of Transfer Deed: Template for formal transfer documentation

8. Appendix B - Warranty Claims Procedure: Process for making and resolving warranty claims

9. Appendix C - Due Diligence Findings: Summary of key due diligence results and disclosures

10. Appendix D - Required Regulatory Approvals: List of necessary regulatory approvals and status

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

Wholesale

Real Estate

Technology

Industrial Equipment

Automotive

Consumer Goods

Energy

Agriculture

Pharmaceuticals

Construction

Logistics

Professional Services

Food and Beverage

Relevant Teams

Legal

Finance

Procurement

Sales

Operations

Compliance

Risk Management

Corporate Secretariat

Business Development

Commercial Operations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Commercial Director

Procurement Manager

Sales Director

Legal Counsel

Contract Manager

Business Development Manager

Operations Director

Finance Manager

Risk Manager

Compliance Officer

Corporate Secretary

General Counsel

Commercial Lawyer

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

Find the exact document you need

Business Share Purchase Agreement

An Austrian law-governed agreement for the purchase and sale of company shares or business interests, incorporating local corporate law requirements and transfer regulations.

find out more

Confidentiality Agreement For Sale Of Business

Austrian-law governed confidentiality agreement for protecting sensitive information during business sale transactions, compliant with Austrian and EU regulations.

find out more

Commercial Agreement Of Purchase And Sale

An Austrian law-governed agreement formalizing commercial sale transactions between businesses, structured under ABGB and UGB requirements.

find out more

Agreement Of Purchase And Sale Business In Leased Premises

An Austrian law-governed agreement for the sale and purchase of a business operating from leased premises, covering business transfer, lease assignment, and operational continuity.

find out more

Business Purchase Contract

Austrian law-governed contract for the purchase and sale of a business enterprise, incorporating local commercial and civil code requirements.

find out more

Business Sales Agreement

An Austrian law-governed agreement that formalizes the sale and purchase of a business or business assets between commercial entities.

find out more

Business Acquisition Letter Of Intent

A preliminary agreement under Austrian law outlining the proposed terms and framework for a business acquisition, establishing key parameters while maintaining limited binding obligations.

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.