It’s a situation where this is not a professional production, and I sense it will be a handshake type deal. I wouldn’t touch this project unless there was a contract, because it’s the kind of thing that could easily spiral out of control without writing to back it up.
That being said, I think I’m going to pass on this project for the above reasons. I wanted to take on a short since I have the time, but this one doesn’t seem worth the potential hassle and loss of availability.
Thanks to everyone who replied! There is some good advice in here so I’m going to mark it down for the next time.