The Accounts Receivable Purchase Agreement is a vital financial instrument used in Austrian business practice to facilitate working capital management and financing. This document is typically employed when a company wishes to monetize its accounts receivable by selling them to a financial institution, thereby obtaining immediate access to cash rather than waiting for customer payments. The agreement, governed by Austrian law, must comply with specific regulatory requirements including the Banking Act (BWG) and Financial Market Money Laundering Act (FM-GwG). It contains detailed provisions on the purchase mechanism, pricing, servicing arrangements, and risk allocation between parties. The document is particularly relevant in situations where companies seek to improve their working capital position, reduce credit risk, or optimize their balance sheet structure through off-balance-sheet financing.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Seller (creditor) and the Purchaser (factor)
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement, including Eligible Receivables, Purchase Price, Collection Period, etc.
4. Purchase and Sale of Receivables: Core provisions regarding the sale and assignment of receivables, including purchase mechanism and pricing
5. Eligibility Criteria: Detailed criteria for receivables that can be sold under the agreement
6. Purchase Price and Payment Terms: Calculation of purchase price, payment timing, and any reserves or holdbacks
7. Representations and Warranties: Seller's representations regarding existence and validity of receivables, authority to sell, etc.
8. Covenants: Ongoing obligations of the Seller, including reporting requirements and operational covenants
9. Collection and Servicing: Provisions regarding collection of receivables, accounting for collections, and servicing arrangements
10. Events of Default: Circumstances constituting default and consequences thereof
11. Indemnification: Mutual indemnification obligations and procedures
12. Term and Termination: Duration of agreement and termination rights
13. Confidentiality: Protection of confidential information and trade secrets
14. Notices: Communication procedures between parties
15. Governing Law and Jurisdiction: Austrian law as governing law and jurisdiction provisions
16. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, amendments, etc.
1. Credit Insurance: Required when receivables are covered by credit insurance, specifying rights and obligations regarding the insurance
2. Security Interest: Include when additional security is provided beyond the receivables themselves
3. Electronic Trading Platform: Required when parties use an electronic platform for receivables trading
4. Cross-Border Provisions: Include when receivables involve foreign debtors or cross-border elements
5. Data Protection: Detailed section required when significant personal data processing is involved
6. Recourse Provisions: Include for agreements with recourse rights against the seller
7. True Sale Provisions: Enhanced provisions when true sale characterization is crucial
8. Sanctions and Anti-Money Laundering: Detailed provisions required for high-risk industries or international transactions
1. Schedule 1 - Form of Assignment Notice: Template for notifying debtors of the assignment
2. Schedule 2 - Eligible Receivables Criteria: Detailed list of criteria for acceptable receivables
3. Schedule 3 - Purchase Price Calculation: Detailed formula and examples for purchase price calculation
4. Schedule 4 - Operational Procedures: Detailed procedures for offering, accepting, and processing receivables
5. Schedule 5 - Reporting Requirements: Templates and specifications for required reports
6. Schedule 6 - Form of Debtor Notification: Template for notifying debtors of the factoring arrangement
7. Schedule 7 - Excluded Debtors: List of debtors whose receivables are excluded from the agreement
8. Schedule 8 - Required Information and Documents: List of documents required for each receivable purchase
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Wholesale Trade
Construction
Transportation and Logistics
Industrial Equipment
Automotive
Textile and Apparel
Healthcare Services
Information Technology
Professional Services
Energy and Utilities
Telecommunications
Food and Beverage
Agricultural Products
Consumer Goods
Relevant Teams
Finance
Legal
Treasury
Credit Control
Accounts Receivable
Operations
Risk Management
Compliance
Commercial
Business Development
Contract Management
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Credit Controller
Accounts Receivable Manager
Legal Counsel
Commercial Director
Risk Manager
Operations Manager
Financial Controller
Working Capital Manager
Credit Risk Officer
Business Development Manager
Relationship Manager (Banking)
Compliance Officer
Financial Analyst
Contract Manager
Find the exact document you need
Option To Purchase Real Estate Agreement Form
An Austrian law-governed agreement granting the right to purchase specific real estate within a set timeframe under predetermined conditions.
Download
Land Purchase And Sale Contract
An Austrian law-governed agreement for the transfer of real estate ownership, complying with ABGB requirements and including necessary provisions for land registry registration.
Download
Horse Purchase Agreement
An Austrian law-governed agreement for the sale and purchase of a horse, detailing terms, conditions, and warranties of the transaction.
Download
Generic Purchase Agreement For House
Austrian house purchase agreement template compliant with local real estate laws and land registry requirements.
Download
Letter Of Intent (Real Estate)
An Austrian law-governed preliminary document outlining key terms and conditions for a potential real estate transaction, setting the framework for negotiations and due diligence.
Download
Buyer Agreement
An Austrian law-governed agreement setting out terms and conditions for the purchase of goods or services between buyer and seller.
Download
Buy Sell Agreement (Real Estate)
An Austrian law-governed agreement for the sale and purchase of real estate property, requiring notarization and land register registration.
Download
Option Contract (Real Estate)
An Austrian law-governed agreement granting the exclusive right to purchase specified real estate at predetermined terms within a defined period, subject to Austrian formal requirements and land registration rules.
Download
Letter Of Intent Commercial (Real Estate)
An Austrian law-governed preliminary document outlining key terms and conditions for proposed commercial real estate transactions, setting the framework for subsequent negotiations.
Download
Land Purchase Option Agreement
An Austrian law-governed agreement granting an exclusive right to purchase specified real estate within a defined period under preset terms.
Download
Securities Purchase Agreement
An Austrian law-governed agreement documenting the terms and conditions for the purchase and sale of securities, ensuring compliance with local securities regulations and market requirements.
Download
Used Car Purchase Agreement
An Austrian law-governed agreement for the sale and purchase of a used vehicle, detailing transaction terms and compliance requirements.
Download
Car Purchase Contract
An Austrian law-governed agreement for the sale and purchase of motor vehicles, compliant with ABGB and relevant vehicle regulations.
Download
Sell Agreement
An Austrian law-governed agreement for the sale and purchase of goods, property, or assets, compliant with ABGB requirements.
Download
Offer To Purchase Agreement
An Austrian law-governed document presenting a formal offer to purchase property or assets, outlining key terms and conditions of the proposed acquisition.
Download
Letter Of Intent To Purchase
An Austrian-law governed preliminary document expressing serious intent to purchase an asset, property, or business, outlining key terms while maintaining a primarily non-binding nature.
Download
Option To Buy Agreement
An Austrian law-governed agreement granting the right to purchase an asset at predetermined terms within a specified period.
Download
Lease Agreement With Option To Purchase
An Austrian law-governed agreement combining property lease terms with an option for the tenant to purchase the property under specified conditions.
Download
Contract For Selling A Car
An Austrian law-compliant contract template for the sale and purchase of motor vehicles, suitable for both private and commercial transactions.
Download
Contingent Purchase Agreement
An Austrian law-governed agreement setting out terms for a purchase transaction subject to specific conditions precedent, incorporating Austrian civil and commercial law requirements.
Download
Conditional Purchase Agreement
An Austrian law-governed agreement for a purchase transaction subject to specific conditions precedent, detailing terms, conditions, and transfer requirements.
Download
Commercial Real Estate Contract
An Austrian law-governed agreement for the purchase and sale of commercial real estate, incorporating all essential elements required under Austrian property legislation.
Download
Private Sale Purchase Agreement
An Austrian law-governed agreement documenting the sale and purchase of goods or assets between private parties or businesses, structured according to ABGB requirements.
Download
Option To Purchase Contract
An Austrian law-governed agreement granting the right to purchase specified property under preset terms within a defined period.
Download
Letter Of Sales Agreement
An Austrian-law governed letter-format document that formalizes a sales transaction between parties, combining business correspondence with legally binding sales terms.
Download
Lease With Option To Buy
An Austrian law-governed agreement combining property lease terms with a future purchase option, compliant with ABGB and MRG requirements.
Download
Land Sales Agreement
An Austrian-law governed agreement for the sale and transfer of real estate property, requiring notarization and land register registration.
Download
Entity Purchase Buy Sell Agreement
An Austrian law-governed agreement for the purchase and sale of a business entity, detailing all transaction terms and conditions.
Download
State Price Agreement
An Austrian law-governed agreement establishing standardized pricing and terms between government entities and suppliers for public sector procurement.
Download
Purchasers Agreement
An Austrian law-governed agreement documenting the sale and purchase of goods, property, or assets, compliant with the ABGB (Austrian Civil Code).
Download
Real Estate Agreement Of Purchase And Sale
Austrian real estate purchase agreement that facilitates property ownership transfer, requiring notarization and compliance with Austrian property law.
Download
Used Vehicle Purchase Agreement
An Austrian law-compliant agreement for the sale and purchase of used vehicles, suitable for both private and commercial transactions.
Download
Hydrogen Purchase Agreement
An Austrian law-governed agreement for the commercial sale and purchase of hydrogen, including delivery, quality, and pricing terms.
Download
High Purchase Agreement Form
An Austrian-law governed agreement enabling purchase of goods through installments with seller retaining ownership until final payment.
Download
Home Buyers Agreement
An Austrian property purchase contract that documents the legal transfer of real estate ownership, governed by Austrian civil law and requiring notarization.
Download
Art Purchase Agreement
An Austrian law-governed agreement for the sale and purchase of artwork, including provisions for authenticity, provenance, and ownership transfer.
Download
Token Purchase Agreement
An Austrian law-governed agreement establishing terms and conditions for digital token purchases, including regulatory compliance, token specifications, and transaction mechanics.
Download
Contract For Sale And Purchase
An Austrian law-governed agreement documenting the sale and purchase of goods or property, establishing terms and conditions for ownership transfer.
Download
Purchasing Agent Agreement
An Austrian law-governed agreement appointing an agent to conduct purchasing activities on behalf of a principal company, setting out their rights, duties, and commercial terms.
Download
Option Purchase Agreement Film
An Austrian-law agreement granting exclusive rights to purchase film rights to a creative work within a specified period, subject to Austrian copyright and civil law.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)