Document background
The Contractual Joint Venture Agreement is utilized when parties wish to collaborate on specific projects or business ventures while maintaining their separate legal identities under Austrian law. Unlike incorporated joint ventures, this arrangement doesn't create a new legal entity but rather establishes contractual obligations between the parties. The document is particularly suitable for time-limited projects, specific business opportunities, or when parties want to test collaboration before forming a more permanent structure. It must comply with Austrian regulatory requirements, including competition law, and typically includes detailed provisions on resource sharing, profit distribution, management responsibilities, and risk allocation. This type of agreement is commonly used in cross-border transactions where Austrian law provides a neutral and well-established legal framework.
