Standard Agreement Of Sale Template for Austria

The Standard Agreement of Sale (Kaufvertrag) is a fundamental legal instrument in Austrian business and civil transactions, used to document and formalize the transfer of goods, property, or assets from one party to another. This document is essential when conducting sales transactions in Austria, whether between businesses (B2B) or between businesses and consumers (B2C). It incorporates mandatory provisions required by Austrian law, including the Austrian Civil Code (ABGB) and Commercial Code (UGB), while allowing for customization based on specific transaction requirements. The agreement typically includes detailed information about the sale object, price, payment terms, delivery conditions, warranties, and liability provisions. It serves as both a legal record of the transaction and a practical guide for implementing the sale, making it suitable for various industries and transaction types while ensuring compliance with Austrian legal requirements.

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

2. Background: Context of the sale and brief description of the parties' intention to enter into the agreement

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

4. Object of Sale: Detailed description of the goods or property being sold, including any identifying characteristics or specifications

5. Purchase Price: The agreed purchase price, payment terms, method of payment, and any applicable VAT considerations

6. Transfer of Ownership: Terms regarding the transfer of title and risk, including specific provisions required under Austrian law

7. Delivery: Delivery terms, timing, location, and responsibility for transportation costs

8. Warranties and Representations: Statutory and contractual warranties regarding the condition and ownership of the sale object

9. Defects and Liability: Provisions regarding defects, warranty claims, and limitation of liability under Austrian law

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

11. Governing Law and Jurisdiction: Confirmation of Austrian law as governing law and jurisdiction of Austrian courts

12. Final Provisions: Miscellaneous legal provisions including severability, entire agreement, and amendments