What exactly should be in this type of contract? Well, firstly you need to be aware of any laws in your country regarding employing people. It is likely these laws will override your agreement so it makes sense to line them up so they match. Then you need to put the basics in there. This might include hours of work, what their role is and how much they are going to be paid. After this, it is a matter of adding some other clauses to protect both you and the employee. This could be to do with dismissal and other situations that might arise.
Division of Assets_ In the event that a partner or both partners wants to dissolve the business, there should be a clear solution in the partnership agreement template as to how the assets should be divided and how much will go to each partner. Since this will mainly involve financial issues, it is best to set things clearly as this will cause great havoc if not settled.