Document background
The Letter of Authorization (Vollmacht) is a crucial legal instrument under Austrian law used to delegate authority from one party to another. It serves multiple purposes across various business and personal contexts, from simple administrative tasks to complex financial or legal transactions. This document becomes necessary when an individual or entity needs someone else to act on their behalf, whether due to absence, convenience, or expertise requirements. The authorization must comply with Austrian legal requirements, particularly the Austrian Civil Code (ABGB), and may need to meet specific formal requirements depending on its intended use. For certain matters, such as real estate transactions or court representations, additional formalities like notarization may be required. The document typically specifies the scope of authority, duration, and any limitations on the agent's powers.
