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Lassitor is right - the laws vary depending on which country you are in. If you are in the US though, you can find sample model release forms on the internet, just Google it. Once you become more established you would want to get these tightened up though.
With regards to model fees that varies massively on what you want them to do. A simple topless photo set is one end of the scale and a gangbang anal bukkake video scene is the other - lol!
Models work to "levels" so everyone knows what they will or won't do on camera. If you can post what sort of level you want them to work up to then I am sure someone on here (me even!) could give you a guideline on price.
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