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A Release of Claims is a legal agreement where one party gives up their right to pursue legal action against another party, typically in exchange for some form of compensation. In Austria, these agreements (often called "Verzichtserklärung" or "Entlassungserklärung") play a crucial role in settling disputes under the ABGB (Austrian Civil Code).

Companies and individuals use these releases to resolve conflicts, from workplace disagreements to personal injury settlements. Once signed, the release prevents future lawsuits about the same issue, offering both parties a clean break and legal certainty. Austrian law requires these agreements to be clear, specific, and based on informed consent to be legally binding.

A Release of Claims becomes essential when settling disputes or ending business relationships in Austria. Common scenarios include resolving employment conflicts, concluding contract disagreements, or finalizing accident settlements. Austrian businesses often use these releases during corporate restructuring, mergers, or when terminating high-level executives.

The timing matters most when negotiating settlements under the ABGB (Austrian Civil Code). Use a release after reaching agreement terms but before making payment. This protects both parties: the paying party gains certainty against future claims, while the receiving party clearly understands what rights they're giving up in exchange for compensation. Many Austrian companies pair these releases with confidentiality agreements for added protection.

• General Release Of Claims: The broadest form, covering all known and potential future claims between parties
• Release Of Claims Agreement: A more detailed version with specific terms, conditions, and mutual obligations
• Release Of All Claims Form: Simplified version commonly used for straightforward settlements
• Contractor Lien Release Form: Specifically for construction projects and contractor payment disputes
• Accident Release Of Liability Form: Tailored for personal injury or accident-related settlements

• Corporate Legal Departments: Draft and review Release of Claims during mergers, acquisitions, or employee separations
• Insurance Companies: Use releases to settle accident and liability claims under Austrian insurance law
• Human Resources Managers: Handle employment-related releases during staff departures or dispute resolutions
• Construction Companies: Manage lien releases and contractor payment settlements in building projects
• Private Business Owners: Protect their interests when resolving commercial disputes or ending business relationships
• Employment Lawyers: Advise on and negotiate release terms for workplace settlements under Austrian labor law

• Basic Details: Collect full legal names, addresses, and roles of all parties involved
• Incident Information: Document the specific dispute, accident, or situation being settled, including dates and locations
• Settlement Terms: Detail the exact compensation amount and payment method under Austrian law
• Scope Definition: List all claims being released, including potential future claims
• Supporting Documents: Gather relevant contracts, correspondence, or incident reports
• Signatures Setup: Prepare for proper witnessing and notarization if required by Austrian regulations
• Template Selection: Our platform generates legally-compliant documents tailored to your specific situation

• Identification Section: Full legal names and addresses of all parties, with Austrian business registration numbers if applicable
• Consideration Clause: Clear statement of payment or benefit being exchanged under ABGB requirements
• Release Language: Specific description of claims being released, following Austrian civil code standards
• Scope Definition: Detailed boundaries of the release, including temporal and subject matter limitations
• Data Protection: GDPR-compliant privacy provisions for handling personal information
• Governing Law: Explicit reference to Austrian jurisdiction and applicable laws
• Signature Block: Space for dated signatures, witnesses, and notarization if required

A Release of Claims differs significantly from a Release of Liability in Austrian legal practice. While both documents involve waiving legal rights, they serve distinct purposes and are used in different situations.

• Scope of Coverage: Release of Claims addresses specific, known disputes or incidents that have already occurred, while a Release of Liability focuses on potential future incidents and their associated risks
• Timing of Effect: Claims releases take effect immediately upon signing to resolve existing issues, whereas liability releases are forward-looking and preventive
• Legal Framework: Under Austrian civil law, claims releases require specific consideration and detailed incident description, while liability releases can be more general in nature
• Common Usage: Claims releases typically conclude disputes or settlements, while liability releases are often used before activities or services begin