Document background
The Share Purchase and Transfer Agreement is a fundamental document in corporate transactions under Austrian law, used when transferring ownership of shares in private or public companies. This comprehensive agreement is essential for both straightforward and complex share transfers, requiring careful consideration of Austrian corporate law, particularly the Austrian Stock Corporation Act (AktG) for AGs and the Limited Liability Companies Act (GmbHG) for GmbHs. The document typically includes detailed provisions on purchase price determination, payment terms, representations and warranties, conditions precedent, and closing mechanics. It must comply with Austrian formal requirements, which may include notarization depending on the company type and transaction structure. The agreement serves as the primary transaction document, protecting both parties' interests while ensuring compliance with regulatory requirements and market practice.
