Contractual agreement

The other day the kids were playing out in the playhouse together busily working on something.  They came inside telling us that they were going to start a doughnut business.  Hunter had designated himself the manager and they had been out there having their first "staff meeting."  They had decided that they would ask to use my new doughnut maker and Hunter wanted to know if I would be their supplier (of assorted doughnuts).  They would set up shop near the entrance to the community by the community mailboxes.  They had made a list of the supplies they would need to buy such as poster board for signs, stuff to make the donuts.  They had decided to charge $.25 a doughnut and had a list of flavors they were going to offer.  They were all really excited about it and asking if we could get started on it today.  Then Avery handed me this paper and said that Hunter had had them sign their names on it saying they agree.  He had drawn up a contract?? of course he had drawn up a contract :) :)  As I read Hunter explained: "Pay days for Avery are Wednesday and Saturday.  She gets $4.00 every pay day."  Avery was jumping up and down grinning, "Four dollars mom, for just me."  Hunter continued on telling me about their hours of operation.  Deke and I couldn't stop smiling listening to them.  We explained to Hunter that giving Ave four dollars on pay day was a great idea but what if they made $20 that day? Then Ave would only get four and he would get $16 and was that really fair if they were working together?  Also miss E had signed up to this contract when she was getting paid 0, zippo for any work that she did.  We told them they should be partners in this venture and that they would split the earnings equally.  We decided that since Emma is two she would get $2 off of the top as her pay.  Then we talked about adjusting their operating hours since they had hours written down that coincided with school.  We decided it should be on weekends or early release days.  I told them I would help them make the posters and get it all set up but not until after Easter sometime.  It was actually a neat opportunity for Deke and I to talk to them about running a business.  I love when they find something fun for all three of them to do.  Can't wait to watch them try this.