There is also something to consider for your own T&Cs and data privacy policy. If you operate a store outside of Germany or Austria, e.g., with a company address in Hong Kong or Switzerland, you may have to adapt the paragraph regarding the choice of law.
If you do not mention the applicable law or place of jurisdiction in your terms and conditions, you do not have to do anything. In this case, the applicable law of the country in which the buyer resides automatically applies. However, if you set out applicable law, arbitration clause, jury trial or similar in your T&C, then German or Austrian law must apply for customers residing in Germany or Austria. This requirement is necessary, otherwise Riverty cannot purchase your receivables.
If you have any further questions about this, please feel free to contact your Riverty Integration Manager.
