Document background
The Short Partnership Agreement is designed for use in the Austrian legal context when two or more parties wish to establish a straightforward business partnership without complex operational structures. This document type is particularly valuable for small businesses, professional services, and entrepreneurs who need a clear but comprehensive partnership framework. It includes essential provisions required by Austrian law while avoiding unnecessary complexity. The agreement typically covers partner identification, capital contributions, profit sharing, management rights, and basic operational procedures. It's especially suitable when partners want to quickly formalize their business relationship while ensuring compliance with the Austrian Commercial Code (UGB) and Civil Code (ABGB). The document can be easily customized while maintaining its core legal requirements.
