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Agreement Of Purchase And Sale Business In Leased Premises Template for Austria

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Key Requirements PROMPT example:

Agreement Of Purchase And Sale Business In Leased Premises

"I need an Agreement of Purchase and Sale Business In Leased Premises for the transfer of my retail clothing store in Vienna, with a purchase price of 鈧450,000 and assumption of the existing 5-year lease, targeting completion by March 2025."

Document background
The Agreement Of Purchase And Sale Business In Leased Premises is a specialized legal document used in Austria when transferring ownership of a business that operates from leased premises. This agreement is particularly important as it combines elements of business acquisition with commercial tenancy considerations, requiring compliance with both Austrian business transfer regulations and tenancy laws. The document is typically used when a business owner wishes to sell their operational business while ensuring the purchaser can continue operating from the same leased location. It covers crucial aspects such as asset transfer, lease assignment, employee transitions, inventory handling, and operational continuity. The agreement must comply with Austrian legal requirements, including the ABGB, UGB, and MRG, while addressing practical business transition needs. It's essential for protecting both parties' interests and ensuring a smooth transfer of business operations while maintaining compliance with lease obligations.
Suggested Sections

1. Parties: Identification of the seller and purchaser with full legal names, registration numbers, and addresses

2. Background: Context of the transaction, description of the business, and current lease arrangement

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Sale and Purchase: Core transaction terms including purchase price, payment terms, and what is being purchased

5. Purchase Price and Payment: Detailed breakdown of the purchase price, payment schedule, and any adjustments

6. Conditions Precedent: Conditions that must be satisfied before completion of the sale

7. Completion: Details of when and how the transaction will complete, including completion deliverables

8. Lease Assignment: Terms for the transfer or assignment of the existing lease agreement

9. Assets and Inventory: Description of assets included in the sale and treatment of inventory

10. Employees: Treatment of existing employees and associated obligations

11. Seller's Warranties: Warranties given by the seller regarding the business, assets, and lease

12. Purchaser's Warranties: Warranties given by the purchaser regarding authority and ability to complete the purchase

13. Pre-Completion Obligations: Obligations of both parties between signing and completion

14. Post-Completion Obligations: Ongoing obligations after completion, including transition arrangements

15. Confidentiality: Provisions regarding confidential information and announcements

16. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

Optional Sections

1. Non-Compete Provisions: Restrictions on seller's future business activities - include when seller might compete

2. Intellectual Property: Specific provisions for IP transfer - include when IP is a significant business asset

3. Environmental Matters: Environmental warranties and indemnities - include for businesses with environmental risks

4. Data Protection: GDPR compliance provisions - include when significant customer/employee data is involved

5. Earn-out Provisions: Future performance-based payments - include when part of purchase price is contingent

6. Third Party Consents: Process for obtaining required consents - include when significant third-party contracts exist

7. Tax Covenant: Specific tax-related warranties and indemnities - include for complex tax situations

8. Pension Schemes: Treatment of existing pension arrangements - include if business has pension schemes

Suggested Schedules

1. Schedule 1 - The Property: Details of the leased premises including floor plans and facilities

2. Schedule 2 - Assets Inventory: Detailed list of all assets included in the sale

3. Schedule 3 - Excluded Assets: List of assets specifically excluded from the sale

4. Schedule 4 - Employees: List of employees with key employment terms

5. Schedule 5 - Lease Terms: Copy or summary of key lease terms and conditions

6. Schedule 6 - Contracts: List of business contracts being transferred

7. Schedule 7 - Intellectual Property: Details of any IP rights included in the sale

8. Schedule 8 - Completion Deliverables: List of all documents and items to be delivered at completion

9. Appendix A - Form of Lease Assignment: Draft assignment agreement for the lease

10. Appendix B - Transfer Documents: Forms of various transfer documents required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



















































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Relevant Industries

Retail

Hospitality

Professional Services

Food and Beverage

Healthcare

Beauty and Wellness

Manufacturing

Technology

Entertainment

Education and Training

Automotive

Fashion and Apparel

Consulting Services

Financial Services

Relevant Teams

Legal

Finance

Operations

Human Resources

Compliance

Real Estate

Risk Management

Business Development

Mergers & Acquisitions

Property Management

Commercial

Relevant Roles

Chief Executive Officer

Business Owner

Commercial Director

Legal Counsel

Chief Financial Officer

Operations Manager

Property Manager

Business Development Manager

Compliance Officer

Human Resources Director

Finance Manager

Business Broker

Commercial Lawyer

Real Estate Manager

Risk Manager

Acquisitions Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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