How to make co-production contracts Thread

Hey,
I'm currently having a first experience with an Indie project and it works fine so far; well as no one is paid we had some team members leaving and joining the project; I was wondering if you have any good advice how to get a legal frame, a sort of contract in such an environment; ideally I thought about giving a part of the ownership related to the time attributed, but I'm still struggling with a good, clean concept.

I guess this is a rather typical setting in indie productions so I wanted to know if you have any ideas or advice on that.
Thanks!
Peter

This is really case specific and it is hard to tell how easy/hard it is to do.

Some time ago I was reading up on this and this is what I got out of it:
- Cross-Country conracts are always more complicated.
- Cross-Continental (i.e USA and EU) is even more complicated.
- In order to get a completely legally binding contract you will need someone certified to do the contract and sign it (<- costs money.)

Thing is it is kind of hard to establish something like this before actually having some money, because of the legal issues.

One option would be a personal contract which to some extent could protect you and your team mates and then simply trust each other, though I know this is not the most intriguing way of doing it.(<- Read up on that if you 're going to use it, I could be entirely wrong.)

Good luck!