The terms

The commercial conditions attached — commitment, payment, cancellation, guarantee.

The part

What it is

Terms are part of the offer and frequently the part that decides it. A guarantee can be worth more than a feature and cost less to provide.

They also carry risk. A generous cancellation term is a real cost that appears nowhere in the product description.

The smallest level

The attributes it carries

Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.

Term
The condition itself, in the form the customer encounters it.
Text shared type
Commitment
What the customer is tied to, which shapes both risk and price.
Duration shared type
Risk holder
Which side carries the risk this term creates — usually the reason it is valued.
Choice shared type