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From the information you've provided, I would assume your broadband will cost £12.50 a month. As for the contracts, your tv carries a seperate contract than other products. So if you add any new products, the contract will only apply to those new products e.g if you've had a tv subscription for 12 months then want to add a multiroom box, the multiroom box will have its own seperate 12 month contract. If in this case you add broadband, the broadband will have a 12 month contract from the date it goes live.
Again though, this is information off the top of my head. It may be worth clarifying with other members of the forum (i'm a former sky employee). Hope this helps