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IMO, it is not about the size, it's about the effort required.
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I find that the bigger the canvas, the more time and effort it takes to cover it with paint. A full figure on an 8" x 10" canvas would be a lot less work for me than a 20" x 24" head and shoulders. But to be completely honest, nobody has ever asked me (yet) to paint such a small full length figure - thank heavens.
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Also, if you are at all concerned about the future value of one of your works and that work being resold, then I would recommend putting a resale clause in your contract - that way if the painting is sold down the line, you get paid a percentage.
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I never heard of such a thing! Is there a lawyer out there who would care to comment? Do you think the artist could sue, if the client damaged the painting and thus lowered the resale value?