No compete question

[Andy M]

Hi all,

I'm in the process of doing a deal involving a condo conversion with another investor. I found the multifamily unit and will be responsible for doing the conversion legwork, while he will supply the credit rating and the bulk of the capital. We plan on forming an LLC, and for my efforts I'll recieve 25% of the profits.

Now, he wants to see the property for himself on Monday. My question is, what is the best way to protect my interests here (i.e. my knowledge of a great opportunity)? Will a "no-compete" form as I've heard about do the trick, or do I need something else?

I appreciate your help in advance, and if someone can actually point me toward a form I can download I would be forever grateful.

Andy