In the absence of a written contract, the terms of sale and ownership would not be governed by a legally binding agreement. This could put you at risk of shares in your company being bought by outsiders. It can also open you to disputes, as there is no defined resolution clause. 4.3. Capital structure. The authorized share capital of the company consists exclusively of ______ All outstanding common shares of the company are held by the seller and are validly issued, fully deposited and non-exploitable. There are no options, subscriptions, warrants, rights (preventive or other), bonds or other agreements that require the entity to repurchase, issue or transfer common shares of the company or securities that can be converted into common shares of the company or exchanged for shares of the company.