Oral equity promises cannot dilute institutional preferred shares absent board approval; remedies resolve to monetary compensation rather than cap table ownership.
Signed integrated vesting schedules supersede informal chat promises under the parol evidence rule unless explicit written amendments meet board authorization standards.
Dated contemporaneous messages establish intent while course of performance supplies the operational reality needed to measure informal equity assertions.
Unrecorded multilateral agreements introduce unquantified insolvency claims that distort equity recovery values during debt restructuring.
The terms are written where they belong. Each field holds three desks, and every entry a desk writes raises the terms it uses, each term given a meaning, a mechanism and the places it appears. The record on these pages stays first person and hand made; the fields grow the nomenclature.
