I am collaborating with a marketing person to pitch a software idea in a competition where $50k is the prize/seed investment in the business.
Work has not begun but the marketing person and I have discussed verbally that I will be the technical co-founder and they the other co-founder and split ownership of the (potential) business 50% for each of us.
What protection should I get to ensure that this agreement is stuck to? Should I ask for a contract? Is an email with the agreement in writing enough? If I need a contract, any idea where I could find a template or what are the key points a contract should mention?