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Trade Reference Letter for Austria

Trade Reference Letter Template for Austria

A Trade Reference Letter under Austrian law is a formal business document that provides an objective assessment of a company's business conduct and creditworthiness based on direct commercial experience. This document, governed by Austrian commercial law and data protection regulations, serves as a professional testimony of business relationships, typically including details about payment history, transaction volumes, and overall business reliability. The letter must comply with Austrian Commercial Code (UGB) requirements and GDPR provisions regarding the handling of business information.

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What is a Trade Reference Letter?

A Trade Reference Letter is a crucial business document used in the Austrian commercial landscape when companies need to verify the reliability and creditworthiness of potential business partners. This document is particularly important for establishing new business relationships, applying for credit facilities, or participating in tender processes. The letter provides first-hand testimony about a company's business conduct, based on direct commercial experience, and typically includes information about payment history, transaction volumes, and overall business relationship quality. Under Austrian law, such letters must comply with the Unternehmensgesetzbuch (UGB) and data protection regulations, ensuring that any statements made are factual and verifiable. The document serves as a risk assessment tool for businesses while maintaining appropriate confidentiality and professional standards.

What sections should be included in a Trade Reference Letter?

1. Letterhead and Date: Company letterhead with full business details and current date

2. Recipient Details: Full name and address of the party requesting the reference

3. Subject Line: Clear indication that this is a Trade Reference Letter

4. Introduction: Writer's position and company, establishing authority to provide reference

5. Business Relationship Context: Duration and nature of business relationship with the subject company

6. Payment History: Information about payment behavior and credit terms adherence

7. Transaction Volume: General indication of business volume and scale of relationship

8. Closing Statement: Willingness to continue business relationship and general recommendation

9. Signature Block: Full name, title, and contact information of the person providing the reference

What sections are optional to include in a Trade Reference Letter?

1. Specific Transaction Examples: Used when detailed examples of successful business dealings would add value

2. Quality of Service/Products: Include when specific feedback about product or service quality is relevant

3. Problem Resolution: Include if there's a history of successfully resolved issues that demonstrates good business practices

4. Industry-Specific Achievements: Used when the subject company has notable achievements in the specific industry

5. Financial Capacity Statement: Include when explicitly requested and permitted to comment on financial strength

What schedules should be included in a Trade Reference Letter?

1. Transaction History Summary: Optional attachment showing overview of business dealings (if appropriate and permitted)

2. Quality Certificates: Copies of relevant quality certifications mentioned in the letter

3. Project Completion Certificates: If referenced in the letter, certificates of successful project completions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Austria

Publisher

Ƶ

Document Type

Reference Letter

Cost

Free to use
Relevant legal definitions

















Clauses











Relevant Industries

Manufacturing

Wholesale Trade

Retail

Construction

Import/Export

Professional Services

Logistics

Financial Services

Technology

Industrial Equipment

Commercial Real Estate

Agriculture

Relevant Teams

Finance

Accounts Receivable

Credit Control

Commercial Operations

Business Development

Procurement

Legal

Risk Management

Treasury

Senior Management

Customer Relations

Relevant Roles

Chief Financial Officer

Finance Director

Credit Manager

Accounts Receivable Manager

Commercial Director

Business Development Manager

Senior Account Manager

Treasury Manager

Procurement Manager

Vendor Relations Manager

Risk Assessment Officer

Company Secretary

Managing Director

Head of Operations

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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