The Receivables Purchase Agreement is a critical document used in trade finance and working capital optimization transactions under Austrian law. It is commonly employed when companies seek to monetize their receivables portfolio or implement ongoing receivables purchase programs. The agreement must comply with Austrian civil law requirements for valid assignment (Zession) under §§1392-1399 ABGB and, where applicable, financial services regulations under the Austrian Banking Act (BWG). It is particularly important in factoring arrangements, trade finance programs, and securitization transactions. The document typically covers detailed mechanisms for receivables transfer, purchase price calculations, representations about the quality and existence of receivables, and ongoing operational requirements. Special consideration is given to Austrian data protection laws, consumer protection requirements (if applicable), and insolvency law implications.
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 and Purchaser, including full legal names and registration details
2. Background: Context of the transaction, nature of the receivables, and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Sale and Purchase: Core provisions regarding the transfer of receivables, including the mechanism for legal transfer under Austrian law
5. Purchase Price and Payment: Calculation of purchase price, payment mechanics, and any adjustments
6. Conditions Precedent: Conditions that must be satisfied before the agreement becomes effective or before each purchase
7. Representations and Warranties: Seller's and Purchaser's representations regarding their capacity and the receivables
8. Undertakings: Ongoing obligations of the parties, including information provision and cooperation
9. Taxes and Costs: Allocation of tax liabilities and transaction costs
10. Data Protection: GDPR compliance and data handling requirements
11. Notices: Communication procedures between parties
12. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction for disputes
13. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments
1. Servicing: Required if the Seller continues to service the receivables post-sale
2. Security Interest: Needed if additional security is provided for the sold receivables
3. Back-up Servicing: Include when there's a need for contingency servicing arrangements
4. Regulatory Compliance: Required for regulated entities or when specific regulatory requirements apply
5. True Sale Provisions: Enhanced provisions when insolvency remoteness is crucial
6. Consumer Protection: Required when the underlying receivables involve consumer debtors
7. Ongoing Purchase Mechanism: Needed for revolving purchase facilities rather than one-time purchases
8. Credit Enhancement: Include when additional credit support mechanisms are required
1. Receivables List: Detailed list or criteria of receivables being purchased
2. Eligibility Criteria: Criteria that receivables must meet to be eligible for purchase
3. Form of Transfer Notice: Template for notifications of new receivables transfers
4. Purchase Price Calculation: Detailed methodology for calculating the purchase price
5. Form of Debtor Notification: Template for notifying debtors of the assignment
6. Servicing Requirements: Detailed servicing procedures and requirements if applicable
7. Required Documents: List of documents required for each receivable transfer
8. Form of Compliance Certificate: Template for periodic compliance certification
9. Power of Attorney: Form of power of attorney for receivables management
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Manufacturing
Retail
Telecommunications
Utilities
Healthcare
Technology
Automotive
Construction
Professional Services
Energy
Insurance
Real Estate
Consumer Goods
Relevant Teams
Legal
Finance
Treasury
Credit Management
Accounts Receivable
Risk Management
Compliance
Operations
Portfolio Management
Structured Finance
Working Capital Management
Relevant Roles
Chief Financial Officer
Treasury Manager
Finance Director
Legal Counsel
Commercial Director
Credit Manager
Accounts Receivable Manager
Risk Manager
Compliance Officer
Operations Manager
Portfolio Manager
Structured Finance Manager
Transaction Manager
Working Capital Manager
Financial Controller
Find the exact document you need
Wholesaling Real Estate Contract
An Austrian law-governed agreement for wholesale real estate transactions, facilitating property acquisition and subsequent resale rights.
Download
Non Binding Contract
An Austrian law-governed non-binding agreement that documents parties' intentions and preliminary understanding without creating legal obligations.
Download
Rent Agreement Draft
Austrian rental agreement template compliant with Mietrechtsgesetz (MRG) and ABGB, establishing terms between landlord and tenant for property rental.
Download
Lease Agreement Form
Austrian law-compliant lease agreement form setting out terms and conditions between landlord and tenant, governed by ABGB and MRG.
Download
House Rent Agreement Form
An Austrian residential lease agreement governed by the Mietrechtsgesetz (MRG), establishing terms and conditions for house rentals in Austria.
Download
Legal Agreement Between Two Parties
An Austrian law-governed agreement establishing contractual relationships between two parties, incorporating essential elements required under Austrian civil and commercial law.
Download
Legal Binding Contract
A legally binding contract compliant with Austrian law, designed to formalize business relationships and ensure enforceability within the Austrian jurisdiction.
Download
Terms Of Employment Contract
An Austrian law-compliant employment contract establishing terms and conditions between employer and employee, governed by Austrian labor legislation.
Download
Simple Contract
A straightforward contract template compliant with Austrian law, designed for standard business agreements and transactions.
Download
Side Agreement
An Austrian law-governed supplementary agreement that modifies or clarifies terms of an existing main contract.
Download
Legally Binding Agreement
A legally binding agreement template compliant with Austrian law and the ABGB, suitable for various business transactions.
Download
Incorporation Agreement
An Austrian Incorporation Agreement establishing a company (typically GmbH) under Austrian law, setting out corporate structure, governance, and shareholder relationships.
Download
Amended Contract
An Austrian law-governed document that modifies an existing agreement between parties, detailing specific changes while maintaining the validity of unmodified terms.
Download
Tooling Agreement
An Austrian law-governed agreement regulating the supply, use, and maintenance of specialized tooling equipment between industrial parties.
Download
Representation Agreement
An Austrian law-governed agreement (Vollmacht) establishing formal representation rights between a principal and their authorized representative.
Download
Notary Rent Agreement
An Austrian notarially authenticated rental agreement establishing terms between landlord and tenant under Austrian law.
Download
Model Tenancy Agreement
An Austrian law-compliant template agreement establishing terms and conditions between landlord and tenant for residential property rental.
Download
Contract Agreement Between Two Parties
An Austrian law-compliant bilateral agreement template for establishing legally binding relationships between two contracting parties.
Download
Common Terms Agreement
An Austrian law-governed master agreement establishing common terms and conditions for multiple loan facilities in a single financing transaction.
Download
Buyer Agency Agreement
An Austrian-law governed agreement establishing a professional relationship between a property buyer and real estate agent, outlining services, obligations, and compensation terms.
Download
Enforceable Contract
A legally binding agreement compliant with Austrian law and the ABGB, establishing enforceable rights and obligations between parties.
Download
Prenuptial Agreement
An Austrian prenuptial agreement (Ehevertrag) establishing property rights and financial arrangements between future spouses, executed as a notarial deed under Austrian law.
Download
Preliminary Contract
An Austrian law preliminary agreement (Vorvertrag) that commits parties to enter into a future main contract while establishing essential terms and conditions.
Download
Partnership Agreement
An Austrian Partnership Agreement establishing a formal business partnership under Austrian law, defining partner relationships and business operations.
Download
Business Cooperation Agreement
An Austrian-law governed agreement establishing terms for business collaboration between two or more entities, including operational, commercial, and legal framework.
Download
Rental Contract
An Austrian rental agreement (Mietvertrag) governed by Austrian law, establishing terms for property rental and parties' rights and obligations.
Download
Head Of Terms Agreement
An Austrian law-governed preliminary agreement outlining key terms and conditions for a proposed transaction, incorporating both binding and non-binding provisions under Austrian civil and commercial law.
Download
Business Contract
Austrian law-governed business contract template for establishing commercial relationships between business entities.
Download
Umbrella Agreement
Austrian law master framework agreement establishing governing terms for subsequent specific agreements between parties.
Download
Share Purchase Agreement
An Austrian law-governed agreement for the sale and purchase of company shares, detailing transaction terms and conditions in compliance with Austrian corporate legislation.
Download
White Label Agreement
Austrian law-governed agreement enabling the rebranding and resale of products/services under the reseller's brand name.
Download
Website Development Agreement
An Austrian law-governed agreement defining terms and conditions for website development services, including project scope, deliverables, and legal compliance requirements.
Download
Volunteer Contract
An Austrian law-compliant Volunteer Contract establishing a formal volunteer relationship between an organization and individual, defining voluntary activities and mutual obligations.
Download
Virtual Assistant Contract
An Austrian law-governed contract establishing terms and conditions for virtual assistant services, ensuring GDPR compliance and defining service parameters.
Download
Vendor Contract
Austrian law-governed vendor contract template for establishing business relationships between companies and suppliers, compliant with UGB and ABGB requirements.
Download
Vehicle Selling Agreement
An Austrian law-governed agreement for the sale and transfer of ownership of a motor vehicle, documenting key terms and ensuring legal compliance.
Download
Variation Agreement
An Austrian law-governed agreement that formally modifies the terms of an existing contract while maintaining compliance with Austrian legal requirements.
Download
Trust Contract
An Austrian law agreement establishing a fiduciary relationship where a trustee manages assets on behalf of a settlor or beneficiaries.
Download
Tripartite Contract
An Austrian law-governed tripartite agreement establishing legal relationships and obligations between three contracting parties.
Download
Transfer Of Ownership Agreement
An Austrian law-governed agreement facilitating the formal transfer of property ownership between parties, ensuring compliance with ABGB requirements.
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)