
The only purpose that a contract between amateurs would serve is to detail the proper sharing of the financial obligations. Because I have always paid the bulk of expenses for the partnerships that I've had, prospective partners have no reason to seek such a contract and I'd laugh in their faces if they did.
I haven't been "burned" (whatever that means) nearly so badly as a lot of other students. I just believe that you're not very smart if you can't learn from the mistakes of those around you.
jj