Document background
The Buy and Sell Contract is a fundamental commercial document used in Austrian business and private transactions for the transfer of goods or assets. This contract type is essential when parties wish to document the terms and conditions of a sale transaction with legal certainty under Austrian law. It is structured to comply with the Austrian Civil Code (ABGB), the Commercial Code (UGB), and relevant EU regulations, making it suitable for both business-to-business and business-to-consumer transactions. The document includes crucial elements such as precise identification of the goods, payment terms, delivery conditions, and warranty provisions, while also addressing risk transfer and ownership rights. It's particularly important for significant purchases where parties need clear documentation of their rights and obligations, and can be adapted for various types of goods from commercial equipment to consumer products.
