Document background
The Memorandum of Understanding Shareholders Agreement is typically used when shareholders wish to establish a preliminary framework for their relationship before entering into a more detailed, binding shareholders agreement. It is particularly useful in scenarios involving new investment, corporate restructuring, or when establishing joint ventures under Austrian jurisdiction. The document captures essential elements such as shareholding structure, management rights, share transfer restrictions, and key corporate governance principles, while allowing flexibility for future negotiations. This MoU considers Austrian corporate law requirements, including provisions from both the Stock Corporation Act and Limited Liability Companies Act, making it suitable for both AGs and GmbHs. It serves as a stepping stone toward a more comprehensive shareholders agreement while providing immediate clarity on fundamental shareholder matters.
