I am in the middle of setting up a Joint Venture with a list-owner. I have a couple products that I would like to use the Mass Control formula on, and I found someone with a large dog email list that is interested in doing the mailings for me. I need to write a contract, and I'm not sure what the best way to do that is. Should I just outline my entire proposition (create it myself) or is this something that I need to find professional council for? I don't really have the money to get a lawyer to write it for me.
If this venture could be worth 'real money' then a 'real lawyer' would be in order.. You can write a simple contract yourself though.. It needs to be fair to both parties, include a means of ending the contract fairly and clearly explain what each person's role in the venture is along with the rewards from the venture..
In the interim you can use a LOU or letter of understanding.... Google "sample loi letter of intent" or "sample lou letter of understanding" if it is complex you will want to formalize the agreement. Always consider risk / reward. Are you talking 500 or 5000 and what is the risk and this will determine you next step. Good luck
If you can afford, get a professional to look at it or assist you, otherwise just make sure to include every last detail. So many cases are won and lost based on a typo or little mistake on a contract. Take your time, think of every scenario and draw your contract with as much detail as possible.