Originally Posted by gmw
There goes the fun.
Not saying it's not good advice, just saying that it doesn't sound like much fun any more.
There is some - not exactly contrary but maybe complementary - advice to be considered too: If it ever comes to needing to call upon the details of the contract then you're pretty much sunk already. That's not saying the contract is not needed (it's good for both parties to have the details set out clearly in advance
), but rather that you should only go into such a contract on the firm belief that it won't be needed. If you don't feel like this then it's probably better not to go there in the first place.
That is the point. You really do not want to end up in court trying to defend the contract, but getting everything clearly documented and agreed upon up front can prevent a gazillion issues later. Plus if you can not agree to the terms of the contract, you will never work well together so good to find that out before you start.