Partnership Agreements in Austria serve as the foundational document for establishing and governing business partnerships under Austrian law. These agreements are essential when two or more parties wish to form a business partnership, whether as a general partnership (Offene Gesellschaft - OG) or limited partnership (Kommanditgesellschaft - KG). The document must comply with the Austrian Commercial Code (UGB) and Civil Code (ABGB), addressing crucial aspects such as capital contributions, profit sharing, management rights, and partner obligations. Partnership Agreements are particularly important as they provide legal certainty and clear governance structures, helping prevent future disputes and ensuring smooth business operations. The document should be carefully drafted to reflect the specific needs of the partnership while maintaining compliance with Austrian regulatory requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation and partners' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Legal establishment of the partnership, including type of partnership and commencement date
5. Business Purpose: Detailed description of the partnership's business activities and objectives
6. Capital Contributions: Details of initial and any agreed future capital contributions from each partner
7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners
8. Management and Decision Making: Management structure and decision-making processes, including voting rights
9. Partners' Rights and Obligations: Detailed description of partners' rights, duties, and responsibilities
10. Financial Management: Procedures for financial management, including accounting practices and banking arrangements
11. Transfer of Partnership Interests: Rules regarding the transfer of partnership interests to third parties
12. Duration and Termination: Term of the partnership and conditions for termination
13. Dispute Resolution: Procedures for resolving disputes between partners
14. Governing Law: Confirmation of Austrian law as governing law and jurisdiction
1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property - include when IP is significant to the business
2. Non-Competition: Restrictions on partners competing with the partnership - include for businesses with sensitive market positions
3. Confidentiality: Provisions regarding confidential information - include when dealing with sensitive business information
4. Insurance: Requirements for business insurance - include when specific insurance coverage is necessary
5. Employee Management: Procedures for hiring and managing employees - include when the partnership will have employees
6. Professional Regulations: Compliance with professional body requirements - include for regulated professions
7. International Operations: Provisions for international business activities - include for partnerships operating across borders
1. Schedule 1 - Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations of non-cash contributions
2. Schedule 2 - Profit Sharing Ratios: Detailed breakdown of profit and loss sharing arrangements
3. Schedule 3 - Business Plan: Initial business plan and strategy
4. Schedule 4 - Property Schedule: Details of any property owned or leased by the partnership
5. Schedule 5 - Intellectual Property Register: Register of partnership's intellectual property assets
6. Appendix A - Partnership Policies: Internal policies and procedures
7. Appendix B - Partner Contact Details: Detailed contact information for all partners
Relevant legal definitions
Clauses
Relevant Industries
Professional Services
Retail
Manufacturing
Technology
Construction
Consulting
Healthcare
Real Estate
Hospitality
Financial Services
Creative Industries
Agriculture
Legal Services
Accounting Services
Relevant Teams
Legal
Finance
Compliance
Risk Management
Corporate Governance
Business Development
Operations
Tax
Administration
Executive Leadership
Corporate Secretariat
Relevant Roles
Managing Partner
Legal Counsel
Chief Executive Officer
Chief Financial Officer
Business Development Manager
Company Secretary
Tax Advisor
Compliance Officer
Risk Manager
Operations Director
Partnership Administrator
Corporate Lawyer
Business Owner
Entrepreneur
General Counsel
Find the exact document you need
Wholesaling Real Estate Contract
An Austrian law-governed agreement for wholesale real estate transactions, facilitating property acquisition and subsequent resale rights.
find out more
Non Binding Contract
An Austrian law-governed non-binding agreement that documents parties' intentions and preliminary understanding without creating legal obligations.
find out more
Rent Agreement Draft
Austrian rental agreement template compliant with Mietrechtsgesetz (MRG) and ABGB, establishing terms between landlord and tenant for property rental.
find out more
Lease Agreement Form
Austrian law-compliant lease agreement form setting out terms and conditions between landlord and tenant, governed by ABGB and MRG.
find out more
House Rent Agreement Form
An Austrian residential lease agreement governed by the Mietrechtsgesetz (MRG), establishing terms and conditions for house rentals in Austria.
find out more
Legal Agreement Between Two Parties
An Austrian law-governed agreement establishing contractual relationships between two parties, incorporating essential elements required under Austrian civil and commercial law.
find out more
Legal Binding Contract
A legally binding contract compliant with Austrian law, designed to formalize business relationships and ensure enforceability within the Austrian jurisdiction.
find out more
Terms Of Employment Contract
An Austrian law-compliant employment contract establishing terms and conditions between employer and employee, governed by Austrian labor legislation.
find out more
Simple Contract
A straightforward contract template compliant with Austrian law, designed for standard business agreements and transactions.
find out more
Side Agreement
An Austrian law-governed supplementary agreement that modifies or clarifies terms of an existing main contract.
find out more
Legally Binding Agreement
A legally binding agreement template compliant with Austrian law and the ABGB, suitable for various business transactions.
find out more
Incorporation Agreement
An Austrian Incorporation Agreement establishing a company (typically GmbH) under Austrian law, setting out corporate structure, governance, and shareholder relationships.
find out more
Amended Contract
An Austrian law-governed document that modifies an existing agreement between parties, detailing specific changes while maintaining the validity of unmodified terms.
find out more
Tooling Agreement
An Austrian law-governed agreement regulating the supply, use, and maintenance of specialized tooling equipment between industrial parties.
find out more
Representation Agreement
An Austrian law-governed agreement (Vollmacht) establishing formal representation rights between a principal and their authorized representative.
find out more
Notary Rent Agreement
An Austrian notarially authenticated rental agreement establishing terms between landlord and tenant under Austrian law.
find out more
Model Tenancy Agreement
An Austrian law-compliant template agreement establishing terms and conditions between landlord and tenant for residential property rental.
find out more
Contract Agreement Between Two Parties
An Austrian law-compliant bilateral agreement template for establishing legally binding relationships between two contracting parties.
find out more
Common Terms Agreement
An Austrian law-governed master agreement establishing common terms and conditions for multiple loan facilities in a single financing transaction.
find out more
Buyer Agency Agreement
An Austrian-law governed agreement establishing a professional relationship between a property buyer and real estate agent, outlining services, obligations, and compensation terms.
find out more
Enforceable Contract
A legally binding agreement compliant with Austrian law and the ABGB, establishing enforceable rights and obligations between parties.
find out more
Prenuptial Agreement
An Austrian prenuptial agreement (Ehevertrag) establishing property rights and financial arrangements between future spouses, executed as a notarial deed under Austrian law.
find out more
Preliminary Contract
An Austrian law preliminary agreement (Vorvertrag) that commits parties to enter into a future main contract while establishing essential terms and conditions.
find out more
Partnership Agreement
An Austrian Partnership Agreement establishing a formal business partnership under Austrian law, defining partner relationships and business operations.
find out more
Business Cooperation Agreement
An Austrian-law governed agreement establishing terms for business collaboration between two or more entities, including operational, commercial, and legal framework.
find out more
Rental Contract
An Austrian rental agreement (Mietvertrag) governed by Austrian law, establishing terms for property rental and parties' rights and obligations.
find out more
Head Of Terms Agreement
An Austrian law-governed preliminary agreement outlining key terms and conditions for a proposed transaction, incorporating both binding and non-binding provisions under Austrian civil and commercial law.
find out more
Business Contract
Austrian law-governed business contract template for establishing commercial relationships between business entities.
find out more
Umbrella Agreement
Austrian law master framework agreement establishing governing terms for subsequent specific agreements between parties.
find out more
Share Purchase Agreement
An Austrian law-governed agreement for the sale and purchase of company shares, detailing transaction terms and conditions in compliance with Austrian corporate legislation.
find out more
White Label Agreement
Austrian law-governed agreement enabling the rebranding and resale of products/services under the reseller's brand name.
find out more
Website Development Agreement
An Austrian law-governed agreement defining terms and conditions for website development services, including project scope, deliverables, and legal compliance requirements.
find out more
Volunteer Contract
An Austrian law-compliant Volunteer Contract establishing a formal volunteer relationship between an organization and individual, defining voluntary activities and mutual obligations.
find out more
Virtual Assistant Contract
An Austrian law-governed contract establishing terms and conditions for virtual assistant services, ensuring GDPR compliance and defining service parameters.
find out more
Vendor Contract
Austrian law-governed vendor contract template for establishing business relationships between companies and suppliers, compliant with UGB and ABGB requirements.
find out more
Vehicle Selling Agreement
An Austrian law-governed agreement for the sale and transfer of ownership of a motor vehicle, documenting key terms and ensuring legal compliance.
find out more
Variation Agreement
An Austrian law-governed agreement that formally modifies the terms of an existing contract while maintaining compliance with Austrian legal requirements.
find out more
Trust Contract
An Austrian law agreement establishing a fiduciary relationship where a trustee manages assets on behalf of a settlor or beneficiaries.
find out more
Tripartite Contract
An Austrian law-governed tripartite agreement establishing legal relationships and obligations between three contracting parties.
find out more
Transfer Of Ownership Agreement
An Austrian law-governed agreement facilitating the formal transfer of property ownership between parties, ensuring compliance with ABGB requirements.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)