Document background
The Business Share Purchase Agreement is a crucial document used in corporate transactions under Austrian law when one party wishes to acquire ownership of shares or business interests in a company from another party. It serves as the primary transaction document that outlines all essential terms and conditions of the share transfer, including purchase price, payment terms, warranties, and indemnities. The agreement must comply with Austrian corporate law requirements, particularly those set out in the GmbHG for limited liability companies or the AktG for stock corporations. It typically results from detailed negotiations and due diligence, and requires careful consideration of tax implications, regulatory approvals, and specific Austrian formal requirements such as notarization for certain types of transfers. The document is essential for both private and public company transactions and provides a legally binding framework for completing the share transfer while protecting the interests of all parties involved.
