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The Person To Person Loan Agreement is designed for situations where one individual wishes to lend money to another individual in Austria, creating a legally binding arrangement under Austrian law. This document is essential when private parties want to formalize their lending arrangement, ensuring clear terms and protecting both parties' interests. It incorporates requirements from the Austrian Civil Code (ABGB), particularly §§ 983-1001 concerning loan agreements, and considers consumer protection regulations where applicable. The agreement should be used whenever private individuals engage in lending transactions, regardless of their relationship, to prevent future disputes and ensure legal enforceability. It includes crucial details such as loan amount, interest rates (complying with Austrian usury laws), repayment terms, default consequences, and any security arrangements.

1. Parties: Identification of the lender and borrower with full legal names and addresses

2. Background: Brief context of the loan arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount and intended use of funds

5. Interest Rate: Terms of interest, calculation method, and compliance with Austrian usury laws

6. Repayment Terms: Payment schedule, method of payment, and repayment duration

7. Early Repayment: Conditions and procedures for early loan repayment

8. Default and Remedies: Consequences of missed payments and available legal remedies

9. Representations and Warranties: Basic confirmations by both parties regarding their capacity to enter into the agreement

10. Notices: How formal communications between parties should be made

11. Governing Law: Confirmation of Austrian law application and jurisdiction

12. Execution: Signature blocks and date of agreement