One thing to note here is that there are fairly significant differences in law between states. Especially employment and corporations laws (e.g. why lots of companies are Delaware corps)

While these might provide a good basis to start conversations I would still have a lawyer that is licensed to practice in the state in question and also specializes in the area of expertise in question review them before anyone executes them. I have spent a lot of money on lawyers in my life but I can tell you I actually have realized more gain back when things went wrong and my contracts were there to protect me.

Nobody reads the contracts until something goes wrong! Do you really want to fight about millions of dollars with someone on your team when you get bought because you didn't spend $2,500 getting a contract reviewed?