Yes, pay the money.
This is probably not what you want to hear, but I would consider consulting a business attorney to get these docs drawn up.
I'm reminded of this: http://particletree.com/notebook/a-tale-of-two-legal-paths/
This is probably not what you want to hear, but I would consider consulting a business attorney to get these docs drawn up.
I'm reminded of this: http://particletree.com/notebook/a-tale-of-two-legal-paths/
Funny how the legal fees dwarf everything else for a web startup. I could get a couple years' hosting for the price of drawing up these kinds of legal docs.