The Buy-Sell Agreement is a fundamental commercial contract used in Austrian business transactions for the transfer of assets, goods, or property between parties. This document is essential when conducting business transactions in Austria, whether between domestic parties or in cross-border scenarios. It must comply with Austrian legal requirements, including the ABGB (Civil Code) and UGB (Commercial Code), while also considering EU regulations where applicable. The agreement is particularly important as it establishes clear terms for the transfer of ownership, payment conditions, and warranty obligations under Austrian law. It serves as a comprehensive framework for protecting both buyers' and sellers' interests, ensuring legal certainty in commercial transactions, and providing clear remedies in case of breach or dispute.
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1. Parties: Identification and details of the seller and buyer, including registration numbers and addresses
2. Background: Context of the transaction and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of the goods or assets being sold
5. Purchase Price: The price, currency, and any price adjustment mechanisms
6. Payment Terms: Payment schedule, method of payment, and consequences of late payment
7. Delivery: Delivery terms, timeline, and location (including Incoterms if applicable)
8. Transfer of Ownership: Terms governing the transfer of title and risk (Eigentumsübergang)
9. Warranties: Statutory and contractual warranties (ұäٳܲԲ)
10. Seller's Representations: Representations regarding the goods/assets and seller's authority
11. Buyer's Representations: Representations regarding buyer's authority and ability to complete purchase
12. Termination: Grounds and process for contract termination
13. Governing Law and Jurisdiction: Confirmation of Austrian law governance and jurisdiction
14. Notices: Process and addresses for formal communications
15. Entire Agreement: Integration clause and relationship to other agreements
1. Conditions Precedent: Used when completion is subject to specific conditions being met
2. Intellectual Property Rights: Include when the sale involves IP assets or licenses
3. Confidentiality: Required for transactions involving sensitive commercial information
4. Non-Competition: Include when selling a business or requiring post-sale restrictions
5. Due Diligence: Include for complex assets requiring verification process
6. Tax Provisions: Required for transactions with specific tax implications
7. Employee Matters: Include when the sale involves transfer of employees
8. Environmental Matters: Required for sales involving real estate or industrial assets
9. Data Protection: Include when personal data is involved in the transaction
10. Force Majeure: Optional protection against unforeseen circumstances
1. Schedule 1 - Asset Description: Detailed technical specifications of goods/assets being sold
2. Schedule 2 - Price Calculation: Detailed breakdown of purchase price components
3. Schedule 3 - Payment Schedule: Detailed payment timeline and installment amounts
4. Schedule 4 - Delivery Schedule: Detailed delivery timeline and logistics requirements
5. Schedule 5 - Required Consents: List of third-party consents needed for completion
6. Schedule 6 - Excluded Assets: List of assets specifically excluded from the sale
7. Appendix A - Form of Transfer Documents: Templates for any required transfer documentation
8. Appendix B - Due Diligence Findings: Summary of key due diligence results if applicable
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Technology
Real Estate
Industrial Equipment
Automotive
Consumer Goods
Professional Services
Agriculture
Energy
Healthcare
Construction
Logistics
Telecommunications
Financial Services
Relevant Teams
Legal
Finance
Procurement
Sales
Commercial Operations
Business Development
Compliance
Risk Management
Corporate Affairs
Operations
Asset Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Commercial Director
Procurement Manager
Sales Director
Business Development Manager
Legal Counsel
Contract Manager
Operations Manager
Asset Manager
Finance Manager
Compliance Officer
Risk Manager
General Counsel
Managing Director
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