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What needs to be considered, financially, with a literary collaborator’s contract?

Question by Cindy B: What needs to be considered, financially, with a literary collaborator’s contract?
I am working on a creative non-fiction with a writing partner. We are about to review a sample contract from a legal forms book by Tad Crawford.
I need to understand the different financial elements in publishing a book. In the end there might be contracts for the writing partner, the agent and a publisher. How do I work out all of the pieces of the pie?
Thank you!

Best answer:

Answer by Oat
You really need to get your own, reliable attorney to consult.

Know better? Leave your own answer in the comments!