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Business Bill Of Sale Template for Austria

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Key Requirements PROMPT example:

Business Bill Of Sale

"I need an Austrian Business Bill of Sale for transferring my small retail shop in Vienna to a local buyer, with the sale to complete by March 2025, including inventory and existing employee contracts but excluding the building lease."

Document background
The Business Bill of Sale is a crucial document used in Austrian business transactions when transferring ownership of a business from one party to another. It serves as the primary instrument for documenting the terms and conditions of the sale, ensuring compliance with Austrian legal requirements, particularly the ABGB and UGB. This document is essential when a complete or partial business transfer occurs, whether through asset or share sale. It includes detailed provisions covering the transfer of tangible and intangible assets, assumption of liabilities, employee matters, and regulatory compliance requirements. The document must address specific Austrian legal considerations regarding business transfers, including mandatory employee protection provisions, data protection requirements, and tax implications. It provides legal certainty for both parties and serves as a reference point for post-completion obligations and potential dispute resolution.
Suggested Sections

1. Parties: Identification of the seller and buyer, including full legal names, registration numbers, and registered addresses

2. Background: Context of the sale, brief description of the business, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including the business assets being sold and excluded assets

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

6. Closing: Conditions precedent, closing procedure, and timing

7. Seller's Warranties: Standard warranties regarding business ownership, operations, and disclosed information

8. Buyer's Warranties: Basic warranties regarding buyer's capacity and authority to enter into the transaction

9. Employee Matters: Treatment of employees and related liabilities post-transaction

10. Tax Matters: allocation of tax liabilities and obligations

11. Confidentiality: Provisions regarding confidential information and announcement of the transaction

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

13. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability

Optional Sections

1. Real Estate: Required if the business includes real property assets, detailing property transfer terms

2. Intellectual Property: Needed if the business has significant IP assets requiring specific transfer provisions

3. Environmental Matters: Important for businesses with environmental risks or compliance requirements

4. Competition Compliance: Required for larger transactions that may have competition law implications

5. Earn-out Provisions: Include when part of the purchase price is contingent on future performance

6. Transition Services: Necessary when the seller will provide post-closing support services

7. Data Protection: Required if significant personal data is being transferred as part of the business

8. Post-Closing Covenants: Include when specific post-closing obligations need to be documented

9. Seller Non-Compete: Important when protecting the purchased business from future competition by the seller

Suggested Schedules

1. Asset Schedule: Detailed list of all tangible and intangible assets included in the sale

2. Excluded Assets: List of assets specifically excluded from the transaction

3. Employee List: Details of all employees, their positions, and employment terms

4. Material Contracts: List of key business contracts being transferred

5. Intellectual Property Register: Detailed list of all IP rights included in the sale

6. Real Estate Details: Property descriptions, titles, and related documentation

7. Inventory List: Current inventory included in the sale

8. Permits and Licenses: List of all business permits and licenses being transferred

9. Outstanding Liabilities: Schedule of liabilities being assumed by the buyer

10. Closing Checklist: List of all documents and actions required for closing

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




















































Clauses









































Relevant Industries

Retail

Manufacturing

Professional Services

Hospitality

Technology

Healthcare

Construction

Real Estate

Automotive

Agriculture

Food and Beverage

Energy

Transportation and Logistics

Education and Training

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Human Resources

Operations

Tax

Compliance

Risk Management

Business Development

Due Diligence

Integration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Business Owner

Corporate Lawyer

Legal Counsel

Finance Director

Business Development Manager

Operations Manager

HR Director

Tax Manager

Compliance Officer

Due Diligence Specialist

Integration Manager

Company Secretary

Risk 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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