Jonathan,
Here is how I would do it.
The loaned male will have to be returned after breeding. Thus each pays one way shipping.
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Who gets what percentage of the litter?
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To be agreed in writing beforehand. Usually 50/50.
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Who gets pick of the litter?
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To be agreed in writing before hand. The owner of the female(s) has to agree in writing that the male will be bred to "X" female only.
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Who gets the last animal in the event of an odd number of babies?
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To be agreed in writing before hand. There is also the possibility of selling it and splitting the moneys.
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What happens in the event of a random anamoly? Example would be an albino when neither of the animals is suspected to be het.
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Sold at the current ongoing price of a well known breeder and moneys are split. Any of the parties has the right to buy from the other the animal at half the market price.
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What happens in the event that one of the animals needs vet attention?
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If it was healthy upon arrival it is responsibility of the person that's caring for the animal.
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What happens in the event that one of the animals dies?
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It is responsibility of the person caring for the animal at that point. An animal of equal genetics/value or the equivalent in cash should be restituted.
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Is a flat-rate stud fee ever invoked?
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Haven't heard from it.
Final comment:
Don't do it unless you live one block away
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