Document background
A Framework Supply Agreement is essential for businesses engaging in regular supply relationships where they need a master agreement to govern multiple future transactions. This document, governed by Austrian law, establishes the overarching terms and conditions while allowing flexibility for individual orders. It's particularly useful when parties anticipate an ongoing business relationship involving multiple purchases over time, as it eliminates the need to negotiate terms for each transaction. The agreement includes key provisions required under Austrian law (including the ABGB and UGB) such as ordering mechanisms, quality standards, liability provisions, and termination rights, while also ensuring compliance with EU regulations where applicable. It's designed to provide both legal certainty and commercial flexibility, making it ideal for businesses seeking to establish long-term supply relationships in Austria.
