Document background
The Buy Sell Contract (Kaufvertrag) is a fundamental legal document used in Austrian commercial and civil transactions to formalize the sale and purchase of goods, property, or assets. This document is essential when parties wish to create a legally binding agreement for a sale transaction under Austrian law. It is commonly used for both business-to-business and business-to-consumer transactions, incorporating mandatory provisions from the Austrian Civil Code (ABGB) and, where applicable, the Consumer Protection Act (KSchG). The contract should be used whenever there is a transfer of ownership in exchange for payment, whether for movable goods, real estate, or other assets. It provides legal certainty by clearly defining the terms of sale, including object description, price, payment terms, delivery conditions, and warranty provisions, while ensuring compliance with Austrian legal requirements.
