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Sell Agreement Form

Sell Agreement Form Template for Austria

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Key Requirements PROMPT example:

Sell Agreement Form

"I need an Austrian Sale Agreement Form for selling industrial manufacturing equipment worth €500,000 to a German company, with delivery scheduled for March 2025 and including specific warranty terms for mechanical components."

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Document background
The Austrian Sale Agreement Form serves as a standardized template for documenting sales transactions in accordance with Austrian law. This document is essential when parties wish to formalize the sale of goods, property, or assets within Austrian jurisdiction. It is designed to comply with the requirements of the Austrian Civil Code (ABGB), Commercial Code (UGB), and relevant consumer protection laws. The agreement form includes mandatory provisions for valid sales contracts under Austrian law, covering crucial aspects such as object description, price, payment terms, delivery conditions, and warranties. It can be used for both business-to-business and business-to-consumer transactions, with appropriate modifications to ensure compliance with specific regulatory requirements. The document is particularly valuable for ensuring legal certainty and protecting the interests of both parties in sales transactions.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, registration numbers (if companies), and addresses

2. Background: Context of the sale and brief description of the transaction's purpose

3. Definitions: Definitions of key terms used throughout the agreement

4. Object of Sale: Detailed description of the goods or property being sold, including specifications, quantity, and condition

5. Purchase Price: The agreed purchase price, currency, and any applicable VAT or other taxes

6. Payment Terms: Payment schedule, method of payment, and any conditions related to payment

7. Delivery: Terms and conditions of delivery, including timing, location, and transfer of risk

8. Transfer of Title: Conditions and timing for the transfer of ownership from seller to buyer

9. Warranties and Representations: Standard warranties regarding ownership, quality, and condition of the sale object

10. Termination: Circumstances under which the agreement can be terminated and the consequences

11. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

12. Signatures: Execution block for parties' signatures and date of signing

Optional Sections

1. Intellectual Property Rights: For sales involving intellectual property, detailing the transfer or licensing of IP rights

2. Confidentiality: When the transaction involves sensitive information or trade secrets

3. Export Control: For international sales subject to export regulations

4. Insurance: When specific insurance requirements are needed during transit or transfer

5. Due Diligence: For complex sales requiring verification of assets or properties

6. Force Majeure: Provisions for unforeseen circumstances preventing performance

7. Assignment: Rights and restrictions regarding the transfer of rights under the agreement

8. Compliance with Laws: Specific regulatory compliance requirements for regulated industries or products

Suggested Schedules

1. Schedule 1 - Detailed Product Specification: Technical specifications, drawings, or detailed descriptions of the sale object

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing if payment is structured

3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and logistics information for complex deliveries

4. Schedule 4 - Condition Report: Current condition of goods or property, particularly relevant for used items or real estate

5. Schedule 5 - Required Certificates: Copies of necessary certificates, permits, or regulatory approvals

6. Appendix A - Due Diligence Documents: Supporting documentation proving ownership, quality, or compliance

7. Appendix B - Transfer Documents: Forms and documents required for legal transfer of ownership

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Seller
Buyer
Goods
Purchase Price
Delivery Date
Delivery Location
Closing Date
Effective Date
Business Day
Force Majeure
Intellectual Property Rights
Material Adverse Change
Purchase Order
Quality Standards
Specifications
Territory
Transfer of Title
VAT
Warranty Period
Working Hours
Confidential Information
Defect
Documentation
Encumbrance
Installation
Payment Terms
Permitted Use
Related Parties
Representatives
Technical Documentation
Term
Acceptance Certificate
Applicable Law
Completion
Relevant Industries

Retail

Manufacturing

Real Estate

Automotive

Technology

Consumer Goods

Industrial Equipment

Agriculture

Construction

Energy

Healthcare

Professional Services

E-commerce

Wholesale Distribution

Relevant Teams

Legal

Sales

Procurement

Commercial

Finance

Operations

Compliance

Business Development

Contract Administration

Risk Management

Relevant Roles

Sales Manager

Legal Counsel

Contract Manager

Business Development Manager

Procurement Manager

Commercial Director

Compliance Officer

General Counsel

Sales Director

Account Executive

Operations Manager

Chief Financial Officer

Property Manager

Business Owner

Corporate Secretary

Industries
Austrian Civil Code (ABGB - Allgemeines bürgerliches Gesetzbuch): The fundamental source of Austrian private law that governs contracts, including sales agreements, defining basic principles of contract formation, performance, and remedies.
Austrian Commercial Code (UGB - Unternehmensgesetzbuch): Regulates commercial transactions between businesses, including special provisions for merchant sales and commercial contracts.
Austrian Consumer Protection Act (KSchG - Konsumentenschutzgesetz): Provides additional protection for consumers in B2C transactions, including mandatory warranties and right of withdrawal.
UN Convention on Contracts for the International Sale of Goods (CISG): Applies to international sales contracts between parties from different countries, providing uniform rules for cross-border sales transactions.
Austrian Fee Act (GebG - Gebührengesetz): Regulates the fees and duties that may be applicable to certain types of written contracts and legal documents.
Austrian Value Added Tax Act (UStG - Umsatzsteuergesetz): Governs the VAT implications of sales transactions within Austria and with other countries.
Austrian Property Law (Sachenrecht within ABGB): Regulates the transfer of ownership and property rights, particularly relevant for sales involving real estate or specific goods.
Austrian E-Commerce Act (ECG - E-Commerce-Gesetz): Relevant for sales agreements concluded electronically or online, providing specific requirements for electronic transactions.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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