[joelhaus]

Generally love these types of arrangements (i.e. partnering with someone who brings domain expertise and connections), but are there are a lot details that you shouldn't overlook:

  1) Do the numbers make sense to you? Learn enough about 
  the margins and the market that you are comfortable 
  with the business opportunity.

  2) Get the terms right. Be sure to address any equity 
  stake, timing of payments, expenses and record 
  keeping/trakcing. Take a look at Amazons affiliate 
  program agreement for examples of the kinds of issues to 
  keep in mind.

  3) Greater Risk = Greater Reward. If you expect a 
  "minimum tech wage", do not expect to reap the full 
  fruits of your efforts.

Good luck.

P.S. Depending on your level of trust/confidence/req'd investment in this project and your partner, consider having a legal document drawn up to address your biggest concerns (but I wouldn't even bring this up until talks get much more serious).

[newstart]

Thanks for the insights, will have a look at affiliate programs to see what types of safeguards are built in. Thanks!