Document background
The Overagreement is designed for businesses operating under Austrian jurisdiction who require a comprehensive framework to govern their ongoing commercial relationship. This master agreement is particularly useful when parties anticipate regular transactions or a long-term business relationship and want to avoid negotiating terms for each individual deal. The document establishes the fundamental terms and conditions that will apply to all future specific contracts or orders, including ordering procedures, pricing mechanisms, quality standards, and risk allocation. It incorporates relevant Austrian legal requirements and commercial practices, while ensuring alignment with EU regulations where applicable. The Overagreement is structured to provide both stability and flexibility, allowing parties to execute future transactions efficiently while maintaining clear governance of their relationship.
