Document background
The Claims Letter is a crucial document in Austrian business and legal practice, used when seeking to recover debts or enforce obligations. This formal document serves as an important step in the debt collection process and is often a prerequisite before initiating legal proceedings in Austrian courts. The Claims Letter should clearly state the legal basis of the claim, specify the amount owed or obligations to be fulfilled, provide evidence supporting the claim, and set out a reasonable deadline for payment or compliance. It must comply with Austrian legal requirements, particularly those outlined in the ABGB (Austrian Civil Code) and UGB (Enterprise Code). The document is typically used when informal attempts to resolve the matter have been unsuccessful, but before taking the matter to court. A well-drafted Claims Letter can often lead to resolution without the need for litigation, saving time and costs for all parties involved.
