The foundation data model package includes generic design patterns such as dates and times, virtual and physical places, agents and parties, agreements, and arrangements.
Specific packages use foundation entities in derived subtypes and relationships.
The FIBO Foundations packages have the basic building blocks of FIB-DM. FIBO Foundations deals with the underlying concepts of contracts, agents, agreements, transactions, processes, dates, time, goals, legal concepts including jurisdiction and capacity, organizational types, the meaning of ownership and control, the concept of parties and roles, baseline concepts associated with products and services, the fundamental accounting concepts, units of measure, quantities, and schedules. FIBO Foundations is the essential scaffolding upon which the other FIBO modules build up.
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