Document background
The Termination Of Consultancy Agreement is a critical legal document used when either a company or a consultant wishes to formally end their professional relationship. This document, governed by Austrian law, particularly the ABGB (Austrian Civil Code) and UGB (Commercial Code), serves to protect both parties' interests and ensure a clear, legally compliant separation. It becomes necessary when either party wishes to end the consultancy arrangement before its natural conclusion, or when documenting the formal end of a completed consultancy engagement. The agreement typically includes provisions for final payments, transfer of work products, ongoing confidentiality obligations, and the handling of any intellectual property rights. It's particularly important in the Austrian business context, where formal documentation of business relationships and their termination is crucial for legal certainty and compliance with regulatory requirements.
