Document background
The Framework Purchase Agreement is designed for businesses requiring a structured approach to regular procurement activities under Austrian law. It is particularly suitable for companies seeking to establish long-term supply relationships with consistent terms and conditions. This agreement type streamlines the procurement process by eliminating the need to negotiate individual contracts for each transaction, while maintaining flexibility for specific purchase orders. The document incorporates key requirements under Austrian commercial law, including the Austrian Commercial Code (UGB) and Civil Code (ABGB), and addresses essential aspects such as order processes, pricing mechanisms, quality standards, and risk allocation. Framework Purchase Agreements are especially valuable for businesses with predictable, recurring purchasing needs who want to standardize their procurement processes while maintaining commercial flexibility.
