Document background
The Offer Purchase Contract (Kaufanbot) is a fundamental document in Austrian commercial and civil transactions, used when a potential buyer wishes to make a formal, binding offer to purchase goods, property, or assets. This document is particularly important in the Austrian legal system, where precise offer terms are crucial for contract formation. It includes essential elements required under Austrian law such as the exact specification of the purchase object, price, payment terms, and binding period. The document is commonly used in both business-to-business and business-to-consumer contexts, requiring compliance with the Austrian Civil Code (ABGB), and where applicable, the Commercial Code (UGB) or Consumer Protection Act (KSchG). The offer, once signed, creates a binding commitment on the offeror for the specified period, giving the potential seller time to consider and accept the terms.
