Well since I put together the team its only been a month. But I have work dating back two years so I am not sure what starting from scratch would entail.
I have made some inquiries about what it would cost to get a legal document for the profit share and landing about USD 5000 it is pretty much half our budget going right there. I am not worried about the graphics artist or the music composer selling their stuff to someone else that is a risk I am willing to take as long as my own IPs are protected. If they want to leave and take their work with them it would of course be bad but as long as they have no claim on the profits it is always possible to get new graphics or music, so it would be their loss.
I would like to have some sort of agreement and was thinking about writing one myself (I have been in startups and had to sign lengthy shareholders agreements but was hoping to avoid all the time consumed by this and setting up a company with international members) but I am guessing it could do me more harm than good since I am not a lawyer..