Gud evening nairalanders. Let me start by apologising for any typo.and also thank u in advance for taking out of ur time to read and probably comment on dis post.

Due to economic situation in dis country now, there was a serious need for us to source for additional means of income. I got an idea of going into animal husbandry, made a survey of what will be needed to start and acquire necessary info on it but was still sourcing for fund when a friend offer to finance it but said i will be d'one to take care of (physical labour)it but we'lll share d'profit together.
Given dat i own d'land to be used what do u think shd be:
1. Formula for profit sharing
2.Terms and conditions to agree on as i have not be in partnership with anybody in bus prior to dis time and wouldn't want to be cheated nor nite bite d'finger dat fed me.
Pls, if u r in my shoes what measures will u take? Thanks.

What experience are you bringing to the table. Have you done it before cos you guys may end up sharing loses.

You may need to consult a legal pratitioner. I guess you have relatives or friends who studied law. They may even offer you this information free or at a reduced price.

You need to involve a lawyer so any agreement is binding. Whatever you do make sure you bring at least 51% to the table so you always have the larger share of decisions and profits. But for this to happen you need to contribute at least 51% of the fund involved including land and all.