* A share of the treasure found: This is the main incentive. Bilbo will receive a portion of any treasure found during the quest.
* One-fourteenth of the total treasure: This is the specific share promised to Bilbo.
* The right to refuse the offer: Bilbo is not forced to accept the quest; he has the choice to decline.
* A safe return, if possible: While the quest is inherently dangerous, the company promises to ensure Bilbo's safe return if at all possible.
* A share of the spoils even if he flees: Even if Bilbo becomes afraid and runs away, he will still receive a share of the treasure found if he's able to make it home.
* The company's responsibility for his wellbeing: The company is responsible for Bilbo's wellbeing during the quest.
While these terms seem straightforward, there are some nuances:
* The value of the treasure is unknown: The company doesn't know what they'll find, so the value of Bilbo's share is uncertain.
* The "safe return" promise is ambiguous: There are many ways for Bilbo to be harmed or lost on the quest, even if the company makes every effort to protect him.
* The "fleeing" clause is a bit harsh: It implies that Bilbo's bravery is suspect and suggests that he might abandon the company for personal gain.
Ultimately, the terms are a mixture of incentive and pressure. They offer Bilbo an opportunity for wealth and adventure but also expose him to significant risk. The terms reflect the company's need for a thief and the potential for Bilbo's greed to overcome his fear.