Document background
The Sales & Purchase Agreement serves as the primary transaction document for commercial sales under Austrian law. It is essential for documenting the transfer of ownership of goods, assets, or property between parties, whether in a business-to-business or business-to-consumer context. The agreement must comply with Austrian legal requirements, particularly the ABGB (Civil Code) and UGB (Commercial Code), while also considering EU regulations where applicable. This document type is crucial for establishing clear terms regarding price, payment, warranties, and risk transfer, while providing legal certainty and protection for both parties. It can be adapted for various transaction types, from simple goods sales to complex asset transfers, and may require additional provisions depending on the nature of the sale object and the parties involved.
