Document background
The Agreement For Sale Of Shares is a crucial legal document used in corporate transactions under Austrian law when transferring ownership of company shares. It serves as the primary transaction document in share acquisitions, whether for partial or complete ownership transfers. This agreement is essential for both private and public company transactions, though additional requirements apply for listed companies under Austrian stock exchange regulations. The document comprehensively addresses all aspects of the share transfer, including purchase price determination, payment terms, warranties about the company's condition, pre-completion obligations, and completion mechanics. It must comply with Austrian corporate law requirements, particularly the Stock Corporation Act (Aktiengesetz) or Limited Liability Companies Act (GmbH-Gesetz), depending on the company type. The agreement is typically used in conjunction with due diligence findings and may require notarization under Austrian law for certain company types.
