The Debt Transfer Agreement is a vital legal instrument used in Austrian business and financial transactions when one party wishes to transfer its debt obligations to another party. This document is particularly relevant in scenarios such as corporate restructuring, business acquisitions, or debt reorganization. The agreement must comply with Austrian legal requirements, specifically the provisions of the Austrian Civil Code (ABGB) regarding debt assumption (Schuld眉bernahme). It typically includes detailed information about the debt being transferred, the terms of transfer, any associated securities or guarantees, and the rights and obligations of all parties involved. This type of agreement is essential for ensuring legal certainty and protecting the interests of all parties in debt transfer transactions, whether in a commercial or consumer context.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the original debtor, the new debtor, and the creditor
2. Background: Context of the original debt and the reason for the transfer
3. Definitions: Definitions of key terms used throughout the agreement
4. Debt Description: Detailed description of the debt being transferred, including amount, interest rates, and payment terms
5. Transfer Agreement: Core provisions regarding the transfer of the debt from original debtor to new debtor
6. Effective Date: Specification of when the transfer becomes effective
7. Representations and Warranties: Statements of fact and assurances from both original and new debtor
8. Creditor's Consent: Express consent of the creditor to the debt transfer
9. Governing Law and Jurisdiction: Confirmation of Austrian law as governing law and jurisdiction for disputes
1. Security Arrangements: Required if the original debt is secured by collateral or guarantees, addressing the transfer or replacement of security
2. Release Provisions: Include when the original debtor is to be fully released from obligations
3. Conditions Precedent: Include when the transfer is subject to specific conditions being met
4. Tax Provisions: Required when there are specific tax implications of the transfer that need to be addressed
5. Notice Requirements: Include when specific notice requirements to third parties are necessary
6. Assignment and Transfer Restrictions: Include when there are limitations on further transfers or assignments
7. Consumer Protection Provisions: Required when one party is a consumer under Austrian law
1. Schedule 1 - Debt Details: Detailed breakdown of the debt being transferred, including payment history and outstanding amounts
2. Schedule 2 - Payment Terms: Detailed payment terms, including installment schedules if applicable
3. Schedule 3 - Security Details: List and description of any security or collateral associated with the debt
4. Appendix A - Original Loan Agreement: Copy of the original loan or credit agreement creating the debt
5. Appendix B - Security Documentation: Copies of security documents if the debt is secured
6. Appendix C - Consent Documents: Any required third-party consents or regulatory approvals
Find the exact document you need
Transfer Of Intellectual Property Agreement
An Austrian law-governed agreement for transferring intellectual property rights between parties, ensuring compliance with local IP legislation and EU regulations.
Download
Assignment Letter Contract
An Austrian law-compliant document modifying employment terms for temporary assignments or role changes, serving as an addendum to the original employment contract.
Download
Invention Assignment Agreement
An Austrian law-compliant agreement transferring intellectual property rights from an inventor to another party, typically an employer, including invention disclosure and compensation terms.
Download
Debt Assumption Agreement
An Austrian law-governed agreement facilitating the transfer of debt obligations from an original debtor to a new debtor, with creditor consent.
Download
Assignment Of Security Agreement
An Austrian law-governed document transferring rights and obligations under an existing security agreement from one party to another, ensuring compliance with Austrian security and property laws.
Download
Assignment Of Debt Agreement
An Austrian law-governed agreement that transfers debt rights from an Assignor to an Assignee, following Austrian Civil Code requirements for debt assignments (Zession).
Download
Assignment And Sublease
An Austrian law-governed agreement combining lease assignment and sublease arrangements, facilitating property rights transfer and establishing sublease terms.
Download
Confidentiality And Invention Assignment Agreement
An Austrian law-governed agreement combining confidentiality obligations and intellectual property assignment provisions for protecting company secrets and establishing ownership of inventions.
Download
Debt Transfer Agreement
An Austrian law-governed agreement facilitating the transfer of debt obligations from an original debtor to a new debtor, with creditor consent.
Download
Transfer Of Copyright Agreement
An Austrian law-governed agreement for transferring complete copyright ownership from one party to another, complying with the Austrian Copyright Act requirements.
Download
Intellectual Property Assignment Agreement
An Austrian law agreement for transferring intellectual property rights from one party to another, addressing all required legal formalities and registration requirements.
Download
Assumption Agreement
An Austrian law-governed agreement facilitating the transfer of obligations from an original debtor to an assuming party, with creditor consent.
Download
Assignment Contract
An Austrian law-governed contract facilitating the transfer of rights and/or obligations from one party to another, structured under the Austrian Civil Code (ABGB).
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)