Document background
The Company Selling Agreement is a crucial document used in corporate transactions under Austrian law when one party wishes to sell and another party wishes to purchase a business entity. This agreement is essential for both private and public company transactions, requiring careful consideration of Austrian corporate law, including the Stock Corporation Act (AktG) for public companies or the Limited Liability Companies Act (GmbHG) for private companies. The document outlines all aspects of the transaction, from initial purchase terms to post-completion obligations, incorporating necessary provisions for employee transfers under Austrian labor law, tax considerations, and regulatory compliance requirements. It serves as the primary transaction document, typically resulting from extensive negotiations and due diligence, and requires input from various stakeholders including legal counsel, financial advisors, and corporate decision-makers.
