The treaty, Punctation of Olmütz, is signed in Olomouc. Prussia capitulates to Austria, which will take over the leadership of the German Confederation.

The Punctation of Olmütz, also called the Agreement of Olmütz, was a treaty between Prussia and Austria, dated 29 November 1850, by which Prussia abandoned the Erfurt Union and accepted the revival of the German Confederation under Austrian leadership. The treaty concluded the Autumn Crisis of 1850 in Germany.

Olomouc is a city in the Czech Republic. It has about 103,000 inhabitants, making it the sixth largest city in the country. It is the administrative centre of the Olomouc Region.

Prussia was a German state centred on the North European Plain that originated from the 1525 secularization of the Prussian part of the State of the Teutonic Order. For centuries, the House of Hohenzollern ruled Prussia, expanding its size with the Prussian Army. Prussia, with its capital at Königsberg and then, when it became the Kingdom of Prussia in 1701, Berlin, decisively shaped the history of Germany. Prussia formed the German Empire when it united the German states in 1871. It was de facto dissolved by an emergency decree transferring powers of the Prussian government to German Chancellor Franz von Papen in 1932 and de jure by an Allied decree in 1947.

The Austrian Empire, officially known as the Empire of Austria, was a multinational European great power from 1804 to 1867, created by proclamation out of the realms of the Habsburgs. During its existence, it was the third most populous monarchy in Europe after the Russian Empire and the United Kingdom, while geographically, it was the third-largest empire in Europe after the Russian Empire and the First French Empire.