Partnership with Contractor (Sweat Equity)

[Dustin Bowersett]

I'm renovating a triplex, my contractor did an excellent job renovating the first unit.  We discussed a partnership and agreed to him collecting 10% of sale proceeds, in exchange for his sweat equity to renovate the remaining two units. 

I'll be paying his helper weekly, and reimbursing him for materials. 

Has anyone done a similar arraignment? I'm looking for a sample contract to draft. Any help is appreciated!