Document background
The Sell and Buy Agreement (Kaufvertrag) is a fundamental commercial document used in Austrian business and private transactions to document the transfer of ownership of assets, property, or goods. This agreement is essential when parties wish to formalize a sale transaction with clearly defined terms and conditions under Austrian law. It can be used for various types of sales, from simple asset transfers to complex business transactions, and must comply with the Austrian Civil Code (ABGB) and other relevant legislation. The document typically includes detailed provisions on the subject matter of sale, purchase price, payment terms, warranties, representations, and risk transfer. For certain transactions, such as real estate sales, specific formal requirements like notarization must be met. The agreement should be tailored to address particular tax implications, regulatory requirements, and any sector-specific considerations relevant to the transaction.
