Document background
The Preferred Partnership Agreement is designed for situations where businesses seek to establish privileged commercial relationships under Austrian law. This document is particularly useful when one party wishes to grant another special status with accompanying benefits such as preferential pricing, priority service, or exclusive rights in specific areas. The agreement typically includes detailed terms about the nature of the partnership, specific advantages granted, performance expectations, and compliance requirements under Austrian commercial law. It's commonly used in supplier-vendor relationships, strategic alliances, and distribution arrangements where a closer-than-standard business relationship is desired. The document ensures compliance with Austrian competition law while formalizing the enhanced business relationship between the parties.
