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Asset Sale Agreement Template for Austria

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Key Requirements PROMPT example:

Asset Sale Agreement

"I need an Asset Sale Agreement under Austrian law for the sale of manufacturing equipment and associated IP rights from an Austrian GmbH to a German GmbH, with completion scheduled for March 2025 and including provisions for employee training and transitional services."

Document background
The Asset Sale Agreement is a fundamental transaction document used in Austrian business practice when one party wishes to transfer ownership of specific assets to another party. It is commonly used in business restructuring, partial business sales, or when companies wish to dispose of non-core assets. The agreement must comply with Austrian legal requirements, including the ABGB (Austrian Civil Code) and UGB (Austrian Commercial Code), and may require additional formalities depending on the asset type (such as notarization for real estate). The document typically includes detailed asset descriptions, purchase price mechanisms, warranties, and specific transfer requirements. It's particularly important to address Austrian-specific legal requirements such as transfer formalities, tax implications, and regulatory approvals where applicable.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal names and addresses

2. Background: Context of the transaction, including brief description of the assets and purpose of the sale

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

4. Sale and Purchase: Core transaction terms including description of assets being sold and confirmation of transfer

5. Purchase Price: Specification of purchase price, payment terms, and any adjustments

6. Conditions Precedent: Any conditions that must be satisfied before completion can occur

7. Completion: Details of when, where and how completion will take place, including completion deliverables

8. Seller's Warranties: Warranties given by the seller regarding the assets and their ownership

9. Purchaser's Warranties: Basic warranties from the purchaser, including capacity to enter into the agreement

10. Tax Matters: Treatment of tax liabilities and obligations relating to the transfer

11. Confidentiality: Obligations regarding confidential information and announcements

12. Notices: Process and requirements for formal notices under the agreement

13. Governing Law and Jurisdiction: Confirmation of Austrian law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Required when the assets include IP rights, detailing their transfer and any licenses

2. Employee Matters: Needed if the asset sale involves transfer of employees or related obligations

3. Real Estate Provisions: Required when real property is included in the assets being transferred

4. Environmental Matters: Important when assets include land or operations with environmental implications

5. Data Protection: Required when personal data or customer databases are part of the transferred assets

6. Third Party Consents: Needed when asset transfer requires specific third party approvals

7. Post-Completion Covenants: Used when ongoing obligations exist after completion

8. Non-Competition: Optional restrictions on seller's future business activities

9. Transitional Services: Required when seller needs to provide temporary support post-completion

Suggested Schedules

1. Schedule 1 - Asset List: Detailed inventory and description of all assets being transferred

2. Schedule 2 - Excluded Assets: List of specific assets excluded from the sale

3. Schedule 3 - Purchase Price Calculation: Detailed breakdown of purchase price components and adjustments

4. Schedule 4 - Seller's Warranties: Full set of warranties given by the seller

5. Schedule 5 - Completion Deliverables: List of all documents and items to be delivered at completion

6. Schedule 6 - Form of Transfer Documents: Templates of specific transfer documents required

7. Schedule 7 - Intellectual Property: Detailed list of IP rights being transferred (if applicable)

8. Schedule 8 - Real Estate Details: Property descriptions and related information (if applicable)

9. Schedule 9 - Contracts: List of contracts being transferred or requiring assignment

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

Manufacturing

Real Estate

Retail

Technology

Energy

Agriculture

Healthcare

Transportation

Construction

Hospitality

Mining

Professional Services

Telecommunications

Automotive

Financial Services

Relevant Teams

Legal

Finance

Mergers & Acquisitions

Corporate Development

Tax

Operations

Risk & Compliance

Treasury

Business Development

Property Management

Asset Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Director

Commercial Director

Head of Mergers & Acquisitions

Asset Manager

Business Development Manager

Finance Manager

Corporate Lawyer

Tax Director

Property Manager

Operations Director

Risk Manager

Compliance Officer

Treasury 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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