Document background
A Representation Agreement (Vollmacht) is essential in Austrian business and legal practice when one party needs to authorize another to act on their behalf. This document is commonly used in various scenarios, from simple business transactions to complex corporate representations. Under Austrian law, particularly the ABGB (Austrian Civil Code), specific requirements must be met for the agreement to be valid and enforceable. The document typically includes detailed provisions about the scope of authority, responsibilities, duration, and termination conditions. It's particularly relevant when companies need to delegate authority for business operations, when individuals require representation for personal matters, or in cross-border situations where Austrian law governs the representation relationship. The agreement serves as crucial evidence of authorization and helps prevent misunderstandings about the extent of delegated powers.
