Document background
The Co-Founder Exit Agreement is a critical document used when a founding member decides to leave or is required to exit an Austrian company. This agreement is essential for companies at any stage of development but is particularly crucial for startups and growing businesses where co-founder relationships need to be formally dissolved. The document covers comprehensive exit terms including share valuation and transfer mechanisms, intellectual property assignments, confidentiality obligations, and non-compete provisions, all while ensuring compliance with Austrian corporate law requirements. It's designed to protect both the departing co-founder's rights and the company's interests, providing clear guidelines for the transition process and preventing future disputes. The agreement must adhere to specific Austrian legal requirements regarding share transfers, corporate governance, and tax implications.
