What type of terms are normally agreed to when a male is sold as a show/breeding prospect? Are they normally sold at the same price the pets in the litter? Any other terms that routinely appear?

It all depends on the breeder, and what is in agreement with the both of you.

I get breeding rights to use him on any owned/co owned bitches I have... but terms are totally up to you guys!

It really depends on the breeder. When you find a breeder they will tell you what they are willing to offer. A few would like to co-own, some will ask for more money and some won't. You'll find all this out when you start calling.
Good luck!