Chas Rampenthal, Esq., joined LegalZoom in 2003. He currently leads LegalZoom's initiatives for legal, government relations and corporate development (contracts, M&A and investment projects), and provides oversight for the company's portfolio of legal products, with a focus on product quality.
If you fail to implement a formal agreement, there can be costly consequences in the end. Be sure to put it in writing and save the hassle down the road.