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A Confirmation Statement documents your formal acceptance of specific facts, terms, or commitments under Austrian law. Companies and individuals use these legally binding declarations to verify their understanding of important agreements, regulatory requirements, or business arrangements.

In Austrian business practice, these statements play a crucial role in everything from corporate compliance to contract negotiations. The document helps protect all parties by creating a clear record of what was confirmed, making it especially valuable for audits, due diligence processes, and regulatory filings with authorities like the Wirtschaftskammer (Chamber of Commerce).

Use a Confirmation Statement when closing important business deals, accepting regulatory obligations, or acknowledging key terms in Austrian commercial transactions. It's particularly valuable during mergers and acquisitions, when accepting board positions, or confirming compliance with Austrian corporate governance requirements.

Many Austrian businesses rely on these statements during financial audits, when documenting shareholder agreements, or verifying regulatory disclosures to authorities. They're essential for protecting your interests in high-stakes situations where you need clear proof that all parties understood and agreed to specific terms, responsibilities, or factual statements.

• Management Confirmation Statements outline executive acknowledgments of corporate responsibilities and financial reporting accuracy
• Regulatory Compliance Statements verify adherence to specific Austrian business regulations or industry standards
• Transaction-Based Statements document agreement to specific terms in mergers, acquisitions, or major business deals
• Audit Confirmation Statements verify financial information and internal control procedures for external auditors
• Board Resolution Confirmations record director acknowledgments of duties and governance requirements under Austrian corporate law

• Corporate Executives: Sign Confirmation Statements to verify financial reports, internal controls, and compliance with Austrian corporate regulations
• Board Members: Use these statements to acknowledge their duties, confirm understanding of governance requirements, and document key decisions
• Legal Counsel: Draft and review statements to ensure legal compliance and protect company interests
• External Auditors: Request and rely on these documents during annual audits and compliance reviews
• Regulatory Bodies: Receive and monitor statements as part of their oversight responsibilities under Austrian law

• Identify Purpose: Clearly define what facts, terms, or commitments need confirmation under Austrian law
• Gather Documents: Collect all relevant agreements, board resolutions, or regulatory requirements that the statement will reference
• Verify Details: Check company information, registration numbers, and signatory authority in the Austrian Business Register
• Draft Content: Use our platform to generate a legally sound statement that includes all mandatory elements
• Review Format: Ensure clear language, specific dates, and precise terms that meet Austrian legal requirements
• Validate Signatures: Confirm proper authorization levels for all signing parties

• Identification Details: Full legal names and registration numbers of all involved parties under Austrian law
• Statement Purpose: Clear description of what facts, terms, or obligations are being confirmed
• Facts Section: Detailed listing of specific statements or confirmations being made
• Legal Basis: Reference to relevant Austrian laws or regulations that require the confirmation
• Declaration of Truth: Explicit statement that all confirmed information is accurate and complete
• Signature Block: Names, titles, and dates for authorized signatories with proper authentication
• Governing Law: Clear statement that Austrian law applies to the confirmation

A Confirmation Statement differs significantly from a Disclosure Statement in both purpose and legal effect under Austrian law. While both documents involve formal declarations, they serve distinct functions in business and legal contexts.

• Purpose and Timing: Confirmation Statements verify existing facts or agreements, typically after the fact. Disclosure Statements reveal important information before or during a transaction.
• Legal Obligation: Confirmation Statements acknowledge understanding or acceptance of terms. Disclosure Statements fulfill regulatory requirements to share specific information.
• Risk Management: Confirmation Statements protect parties by documenting mutual understanding. Disclosure Statements protect by ensuring transparency and informed decision-making.
• Content Focus: Confirmation Statements emphasize verification of specific points. Disclosure Statements provide comprehensive information about risks, conflicts, or material facts.