Document background
The Shares Agreement (Aktien眉bertragungsvertrag) is a fundamental document used in Austrian corporate transactions to facilitate the transfer of company shares between parties. This agreement is essential when executing share purchases, sales, or transfers in Austria, whether for complete or partial ownership changes in companies. The document must comply with Austrian corporate law, particularly the Aktiengesetz (Stock Corporation Act) and Unternehmensgesetzbuch (Commercial Code), while addressing specific requirements for share transfers, including necessary corporate approvals, registration requirements, and tax considerations. The agreement typically includes detailed provisions on purchase price, payment terms, warranties, representations, pre-completion and post-completion obligations, and various protective clauses for both buyers and sellers. It's particularly important in mergers and acquisitions, corporate restructuring, and investment transactions within the Austrian business landscape.
