Ottokar IV, the Duke of Styria, entered into a significant heritage agreement with Leopold V, the Duke of Austria. This pact outlines the transfer of control over the duchy of Styria from Ottokar to Leopold and his son Frederick. The agreement was sealed with the critical stipulation that Austria and Styria would remain undivided entities, fostering a strong alliance between the two powerful duchies. The exact location of this pact's signing is traditionally believed to be in Georgenberg, which served as a significant focal point for noble interactions and alliances during this period.

The political landscape of the late 12th century was characterized by territorial disputes and the consolidation of power among various Dukes within the Holy Roman Empire. The accord not only exemplified a strategic maneuver by Ottokar IV to ensure the security of his realm but also enabled Leopold V to expand his influence, confirming the interdependency of the two regions. This agreement solidified the bonds of power among the nobility and established a framework for cooperation.

As Styria grew intertwined with Austrian governance, it set a precedent for future inheritances and territorial alliances. The stipulation against division highlighted the importance of unity between the regions, aiming to prevent the fragmentation often seen in feudal territories. The pact would have implications for the following generations through the strengthened security and administrative frameworks established between the duchies.