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Stock Sale And Purchase Agreement for Austria

Stock Sale And Purchase Agreement Template for Austria

An Austrian Stock Sale and Purchase Agreement is a legally binding document governed by Austrian law that facilitates the transfer of ownership of company shares from a seller to a purchaser. The agreement outlines all essential terms of the transaction, including purchase price, payment terms, warranties, and conditions precedent. It incorporates specific requirements under Austrian corporate law (particularly the AktG and UGB) and addresses local regulatory considerations. The document typically includes comprehensive provisions for due diligence findings, representations and warranties, and specific indemnity provisions, all structured to comply with Austrian legal requirements and business practices.

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What is a Stock Sale And Purchase Agreement?

The Stock Sale and Purchase Agreement is a fundamental document used in corporate transactions involving the transfer of company shares in Austria. It serves as the primary transaction document in share acquisitions, whether for partial or complete ownership transfers. The agreement must comply with Austrian corporate law, particularly the Stock Corporation Act (AktG) and Commercial Code (UGB), while also considering EU regulations where applicable. It typically includes detailed provisions on purchase price mechanisms, warranties, indemnities, closing conditions, and post-closing obligations. This document is essential for both private and public company transactions, though requirements may vary depending on whether the target is a listed company. The agreement should address specific Austrian legal requirements such as transfer restrictions (Vinkulierung), mandatory corporate approvals, and local regulatory considerations.

What sections should be included in a Stock Sale And Purchase Agreement?

1. Parties: Identification of seller(s), purchaser(s) and any guarantors

2. Background: Recitals explaining the context of the transaction and the target company

3. Definitions and Interpretation: Defined terms and rules of interpretation for the agreement

4. Sale and Purchase: Core transaction terms including description of shares being sold

5. Purchase Price: Fixed consideration, adjustments, earn-outs, and payment mechanics

6. Conditions Precedent: Prerequisites for closing including regulatory approvals and third-party consents

7. Pre-Closing Obligations: Parties' obligations between signing and closing, including conduct of business

8. Closing: Closing mechanics, deliverables, and timing

9. Seller's Warranties: Fundamental and business warranties regarding the shares and target company

10. Purchaser's Warranties: Basic warranties from the purchaser including capacity and authority

11. Liability and Indemnification: Scope of liability, limitations, and indemnification procedures

12. Tax Matters: Tax covenants, indemnities, and allocation of tax risks

13. Confidentiality: Confidentiality obligations and permitted disclosures

14. Announcements: Rules for public statements about the transaction

15. Notices: Format and delivery requirements for formal communications

16. General Provisions: Boilerplate clauses including governing law, jurisdiction, and entire agreement

What sections are optional to include in a Stock Sale And Purchase Agreement?

1. Employee Matters: Used when specific employee arrangements or protections are needed, including management retention

2. Real Estate: Required when the target company owns significant real estate assets

3. Intellectual Property: Important for technology companies or IP-heavy businesses

4. Environmental Matters: Necessary for companies in industries with environmental risks

5. Non-Competition: Include when seller restrictions are required post-closing

6. Transition Services: Used when seller will provide services to target post-closing

7. Bank Financing: Required when purchase is contingent on external financing

8. Share Pledge: Include when shares are used as security for deferred payments

9. Data Protection: Detailed section needed for companies processing significant personal data

What schedules should be included in a Stock Sale And Purchase Agreement?

1. Details of the Target Company: Corporate information, shareholding structure, and subsidiaries

2. Shares Details: Full description of shares being transferred including any encumbrances

3. Purchase Price Calculation: Detailed mechanics for price adjustments and earn-outs

4. Closing Deliverables: List of all documents and items to be delivered at closing

5. Warranties: Detailed warranties schedule, often with specific disclosures

6. Material Contracts: List and copies of key contracts affecting the business

7. Properties: Details of owned and leased real estate

8. Intellectual Property: List of IP rights owned or licensed by the target

9. Employee Information: Key employment terms, benefits, and pension arrangements

10. Data Room Index: Index of due diligence materials provided

11. Permitted Leakage: Agreed exceptions to no leakage covenant in locked box deals

12. Bank Accounts: Details of all bank accounts and signing authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Austria

Publisher

Ƶ

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions








































































Clauses

































Relevant Industries

Manufacturing

Technology

Real Estate

Financial Services

Healthcare

Retail

Energy

Professional Services

Transportation

Construction

Telecommunications

Industrial

Agriculture

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Compliance

Risk Management

Executive Leadership

Corporate Secretariat

Treasury

Tax

Business Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Corporate Lawyer

Legal Director

Finance Director

Head of Mergers & Acquisitions

Investment Manager

Corporate Secretary

Due Diligence Manager

Transaction Manager

Business Development Director

Private Equity Manager

Corporate Development Manager

Risk Manager

Compliance Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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