Document background
The Mutual Dispute Resolution Agreement is designed for parties seeking to establish a clear and efficient framework for resolving commercial disputes under Austrian law. This document is particularly valuable for businesses entering into long-term commercial relationships, complex transactions, or any situation where having a predetermined dispute resolution mechanism is crucial. It encompasses all aspects of alternative dispute resolution, from initial negotiations through to final arbitration, while ensuring compliance with Austrian legal requirements and EU regulations. The agreement is structured to provide flexibility while maintaining procedural clarity, making it suitable for both domestic and international business relationships where Austrian law is chosen as the governing law. This type of agreement is increasingly important in modern business relationships where parties prefer to resolve disputes efficiently without immediate recourse to litigation.
