A friend of mine and me (both early 20s) are teaming up with a seasoned professional person who owns a PR agency. We are jointly developing an Internet marketing idea that could turn out profitable. Me and my friend are the technical people, and the older person is bringing some connections to the table. Before any money comes in I thought of drafting up a contract to define our exact roles, responsibilities and shares.
Do you have any such a draft document? Any remarks or suggestions?