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If you are in agreement with the other members it would probably be best to assign your interest to one of them in a written agreement similar to what you detail above. In the agreement you could cover any compensation you are receiving and you could confirm that their is no lien on your interest (you don't have this listed on a mortgage or other loan as collateral).
You may also want some agreement that spells it out that you are not liable for any claims that arise after the effective date of your assignment.
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Yes and I would ask for $1 and recite that assignor (you) acknowledge receipt of $1 in consideration for this assignment. For any valid contract you must have consideration. You can try and create by using legal arguments, but it is easier to simply exchange $1 and note such in the agreement so you have that part of the contract covered. I can't speak to whether everything else in your agreement will constitute a binding contract, but I would suggest adding consideration.
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