Document background
The Company Sale Agreement is a crucial document used in corporate transactions under Austrian law to effectuate the transfer of ownership of a business entity. It serves as the primary transaction document in both share deals and asset deals, incorporating all essential elements required by Austrian corporate and commercial law. This agreement is typically used when a company or its shareholders wish to sell their business, requiring detailed provisions on purchase price, warranties, indemnities, and completion mechanics. The document must comply with specific Austrian legal requirements, including those related to employee protection, works council rights, and corporate governance. It includes comprehensive schedules and appendices detailing company information, assets, liabilities, and necessary disclosures, while also addressing regulatory compliance and tax implications specific to Austrian jurisdiction.
