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It's fairly brief but I don't see anything terribly out of line, assuming that it properly sets out the numbers and % that you agreed to. The only thing that is unusual is that they say "Of course we would have to get together to sign the documents and tell you more about the process before receiving the check." You would want to get all of what they are telling you in writing. If they tell you something and they don't put it in writing then it is likely not enforceable if they don't do it since there is a written contract.
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You can contract for anything and certainly you should get as large a percentage as they will pay you and you can base it on you being the largest investor or whatever else you like.
You probably also want to talk to some people to make sure it isn't a scam. The problem is with just $2500 being invested it would cost you more than that to have them checked out by someone good.
I ran a couple of quick searches and didn't find anyone complaining that it is a scam, but that really isn't a thorough check by any means.