Document background
The Shareholder Purchase Agreement (SPA) is a crucial document in Austrian corporate transactions, used when transferring ownership of shares in private or public companies. It serves as the primary transaction document that governs the sale and purchase of company shares, incorporating specific requirements under Austrian law such as notarization for GmbH share transfers and compliance with the Austrian Stock Corporation Act for AG shares. The agreement typically follows completion of due diligence and contains detailed provisions on purchase price mechanisms, warranties and representations, indemnities, and conditions precedent. It must comply with Austrian corporate law requirements, including specific formalities for share transfers, regulatory approvals, and local business practices. This document is essential for both domestic Austrian transactions and cross-border deals where Austrian companies or assets are involved.
