Document background
The Mutual Waiver Of Claims agreement is a critical legal instrument used in Austrian business and civil contexts when parties wish to formally renounce their rights to pursue claims against each other. This document is particularly valuable following dispute resolutions, project completions, or business relationship terminations where parties seek to achieve a clean break and prevent future litigation. Governed by Austrian law, particularly the ABGB (Austrian Civil Code), the agreement must meet specific legal requirements regarding form, content, and execution. It typically includes detailed descriptions of the claims being waived, any considerations exchanged, and necessary representations to ensure enforceability. The document is commonly used in various scenarios, from construction project completions to business partnership dissolutions, where parties wish to achieve finality in their legal relationships.
