My question is, as I start my new business - what type of risk I am
taking if I use my previous employers legal documents as my own? I
would obviously change it around a little to reflect specifically my
business (name, services, etc.), but all in all, they will be the same
documents/contracts they are using. I don't have thousands to pay a
lawyer to prepare these (as there are 3-4 different ten page
contracts) and am wondering if I SHOULD risk using these documents?
The trailer question is, what could happen to me and my company if my
previous employer finds out (which is high likely)?

A key fact to remember is that my previous company is closing down
this division and I will NOT be competing with them - so it is not
like they have a vested interesting in protecting their clients,
legals, etc...They don't even want that type of business anymore!