Document background
The Master Framework Agreement is designed for businesses operating under Austrian jurisdiction who require a structured approach to managing ongoing commercial relationships. It is particularly useful when parties anticipate multiple transactions or service arrangements over time and need a comprehensive framework to govern these interactions. The document establishes general terms, conditions, and operational procedures while allowing for specific details to be agreed upon in subsequent orders or statements of work. This type of agreement is essential for ensuring consistency in commercial dealings while maintaining flexibility for future arrangements. It incorporates requirements from Austrian civil and commercial law, including the ABGB (Austrian Civil Code) and UGB (Austrian Commercial Code), and can be customized to address industry-specific regulations and compliance requirements. The Master Framework Agreement typically includes detailed schedules for specific aspects of the business relationship, such as services descriptions, pricing, and service levels.
