Document background
The Agreement to Sell is a fundamental commercial document used in Austrian business and private transactions to formalize the sale of assets, property, or rights. This document type is essential when parties need to clearly document their sales arrangement before the actual transfer of ownership occurs. It should be used whenever there is a need to establish binding terms for a future sale, particularly for high-value transactions or where complex conditions need to be met before completion. The agreement must comply with Austrian civil law requirements (ABGB) and may need to address specific regulations depending on the subject matter of the sale (e.g., real estate, business assets, or consumer goods). It typically includes detailed provisions about the sale item, price, payment terms, warranties, and transfer conditions, while also incorporating any necessary EU regulations that may affect the transaction.
