#5 Company law & company formation
Competent legal advice on corporate law and company formation
For you as an entrepreneur, legal support is particularly important and sensible in a volatile business world. PRIME LAW Attorneys at Law will provide you with flexible and goal-oriented support - from your groundbreaking business idea to the lucrative implementation and consistent establishment of your company to a possible company sale.
PRIME LAW attorneys will be happy to assist you in drafting your contracts, from partnership agreements, distribution agreements, cooperation agreements, syndicate agreements, general terms and conditions, consultancy agreements, etc.
PRIME LAW attorneys will represent your company in disputes with business partners, customers, suppliers, etc.
Answers to frequently asked questions
Are there any special features when buying a property from a GmbH?
Yes, in addition to the other issues that need to be considered when buying a property, there are special features when buying from a GmbH. If, for example, a GmbH sells its only property, a valid shareholders' resolution on the sale is required for the purchase agreement to be valid. It is also important to note the power of representation of the acting persons. In addition, the liability fund of a GmbH may be smaller, which is why it would make sense to agree a liability waiver for warranty or liability claims, for example.
What should I bear in mind when concluding a contract with a partner abroad?
You should definitely agree on an Austrian place of jurisdiction; then you can turn to an Austrian court in the event of disputes.
In this way, you can avoid court proceedings abroad, which are particularly expensive due to interpreter, translation and travel costs.
If you use General Terms and Conditions (GTC), you should also stipulate the Austrian place of jurisdiction in the GTC.
Ideally, you should not only agree in your contract that Austrian courts have jurisdiction, but also that Austrian law applies. (The two are independent of each other).