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The Cancellation Of Agreement For Sale is a crucial document used in Austrian business and legal practice when parties mutually agree to terminate an existing sale agreement. This document is particularly relevant when circumstances necessitate the unwinding of a sale transaction, whether due to changed circumstances, mutual agreement, or other valid reasons. It must comply with Austrian legal requirements, including the ABGB (Austrian Civil Code) and, where applicable, the Consumer Protection Act (KSchG). The document typically includes provisions for financial settlements, return of property, mutual releases, and any specific requirements for the particular type of sale being cancelled. It's essential in providing legal certainty and protecting both parties' interests during the termination process.

1. Parties: Identification of all parties to the original sale agreement and this cancellation agreement

2. Background: Reference to the original sale agreement, including its date and subject matter, and brief context for the cancellation

3. Definitions: Key terms used in the agreement, including reference to the Original Agreement and any other relevant defined terms

4. Cancellation: Clear statement of mutual agreement to cancel the original agreement and the effective date of cancellation

5. Return of Property/Goods: Provisions regarding the return of any delivered goods or property transfer reversals

6. Financial Settlement: Terms for the refund of payments, handling of deposits, and any agreed compensation or adjustments

7. Release and Waiver: Mutual release from obligations under the original agreement and waiver of claims

8. Confidentiality: Obligations regarding confidentiality of the original agreement and this cancellation

9. Governing Law: Confirmation of Austrian law as governing law and jurisdiction