Mutual Release Contract Template for Austria

The Mutual Release Contract is a crucial legal instrument used in Austrian business and civil matters when parties wish to formally resolve disputes or potential claims and move forward with a clean slate. This document is particularly valuable following the conclusion of business relationships, resolution of disputes, or in situations where parties wish to prevent future litigation. It must comply with Austrian Civil Code (ABGB) requirements and typically includes detailed provisions about the scope of claims being released, any consideration being exchanged, and representations about the parties' authority to enter into such agreements. The document is commonly used in various contexts, from employment separations to business partnership dissolutions, and can be adapted to address specific circumstances while maintaining its core purpose of providing mutual releases between the parties involved.

1. Parties: Identifies and defines all parties to the agreement, including their legal status and addresses

2. Background: Recitals explaining the context of the dispute or claims and the parties' desire to resolve all matters

3. Definitions: Defines key terms used throughout the agreement, including 'Claims', 'Released Matters', and 'Effective Date'

4. Mutual Release: Core section detailing the mutual releases, including scope of claims being released and effective date of release

5. Consideration: Specifies any payment or other consideration being exchanged as part of the release

6. Representations and Warranties: Each party's confirmations about their authority to enter into the agreement and ownership of claims being released

7. No Admission of Liability: Statement that the agreement does not constitute admission of liability by any party

8. Governing Law and Jurisdiction: Confirms Austrian law governs the agreement and specifies jurisdiction for disputes

9. Entire Agreement: Confirms this document represents the complete agreement between parties and supersedes prior discussions

10. Execution: Signature blocks and execution requirements