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Starting 50/50 shared sale business

Hi, I am getting ready to set up a shared takings scheme and am getting stuck on the T&Cs. Have googled and got some points:

Terms and conditions
1. Items must be in good, clean condition
2. Items will be sold for the best attainable price and the amount split on a 50/50 basis between the owner and (me)
3. Items will be displayed for sale for 4 weeks. Any item not sold after this time must be collected by the owner within 7 days of contact by (me). Goods not collected will be donated to a local charity shop.
4. Payment can be made by cash which must be collected or by paypal. Paypal payments will be made at the end of each calendar month.

not sure what else to add or is this enough?
:j July '08 wins: £20 Foster Grant sunglasses...Lazy Town DVD...NScessity ActivSkins Kids Sun/swim set...Paddington Bear DVD

Nov '09 wins: John Smith's Darts Shirt
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