Partner on flip - what steps should we take?

[Tammy Tivis]

I apologize in advance if this was covered elsewhere in the forums as I could not find this subject through the search. 

I am entering my first flip with a partner. We have no previous history (personally or professionally) but looking forward to working with one another on this small project.  I will be funding the project (cost of property and rehab) and the other party (experienced flipper with contractors in place) will be handling all of the rehab. Our goal is to have the property sold within 5 months and we will split profit 50/50.  

We will each be putting the property in our respective business names through title company. (I assume that means that the warranty deed will be in both names?).  

Is there a partnership agreement form that anyone can recommend? Or, are there any recommendations on how to structure the language of such a partnership? 

I welcome any advice or feedback.

Thank you!