> These two guys are doing some contracting on the side. There are no investments and no liabilities. Their worst case scenario is walking away, not talking to each other, maybe disputing a few $1000. Doing ten rounds with a lawyer (there's really no boiler contract that can cover every conflict two friends working together might encounter) easily costs that, AND then you'll still have to go to court to enforce the contract.

Well then we disagree. This contract would require about 2 hours from a good lawyer. At least when I entered in a similar partnership with a friend that's what we spent.

I'm more thorough/cautious than you. All that means is that you and I are unlikely to do business with each other:)