Document background
The Acquisition Confidentiality Agreement is a crucial document used in the initial stages of any potential merger or acquisition transaction under Austrian law. It is typically executed before detailed due diligence begins and any sensitive business information is shared between parties. The agreement serves to protect confidential information, trade secrets, and proprietary data that may be disclosed during the evaluation of a potential transaction. It incorporates specific provisions required under Austrian legislation, including the Geschäftsgeheimnisgesetz and relevant EU regulations, while also addressing practical business needs such as data room access, permitted disclosures to advisors, and requirements for information handling. This document is particularly important in Austria's business environment, where many international transactions occur and strict confidentiality and data protection standards apply.
