Document background
The Selling Contract (Kaufvertrag) is a fundamental legal document used in Austrian business and private transactions to formalize the sale of goods, property, or rights. It finds application in various contexts, from simple consumer purchases to complex business asset transfers and real estate transactions. The document must comply with the Austrian Civil Code (ABGB), particularly §§ 1053-1089, which govern sales contracts. When used in business-to-consumer transactions, it must also incorporate consumer protection provisions under the KSchG. The contract typically includes detailed specifications of the sale object, price, payment terms, delivery conditions, warranties, and risk transfer provisions. For real estate transactions, additional formalities such as notarization and registration in the land register may be required. The document serves as both a legal record of the transaction and a framework for the parties' rights and obligations.
