Document background
The Amendment To Purchase Agreement is a crucial legal instrument used when parties need to modify specific terms of their existing purchase agreement while keeping the basic framework intact. Under Austrian law, such amendments must comply with the Austrian Civil Code (ABGB) and, for commercial transactions, the Austrian Commercial Code (UGB). This document is typically employed when circumstances require adjustments to price, delivery terms, specifications, or other key elements of the original agreement. It serves as a formal record of the mutually agreed changes and ensures legal certainty by clearly delineating which terms are modified while explicitly preserving unaffected provisions of the original agreement. The amendment must be executed with the same formality as the original purchase agreement to ensure enforceability under Austrian law.
