Consider presentation
Not just how a message looks but the attitude it gives in its efforts of display
It isn’t about typographic beauty, it’s about clarity and empowerment for readers of content, especially words being presented (whatever their size), so they are visible and can be clearly interpreted.
Do not overuse the slash to indicate ‘or’. It can suggest laziness on the part of the writer. The ‘and/or’ construction is widely considered to be very bad form.
EnglishClub
It’s about a consideration of the whys of something, its subsequent platform to being interpreted and how its clarity and purpose can affect how a message and its owner (individual or collective) are perceived, interpreted and possibly appreciated for broader effort beyond the mainstream expectations or just ignored because of seeming to not care.
So, make a word choice rather than write an option divided by a forward slash.
However if the text being shown is using a forward slash as a device to help separate different items that are related to a prefixed statement (like copyright, for instance) but each is unique, then space either side of the forward slash is useful for textual clarity and assisting intent and meaning: implying those words are not and/or but rather individual, separate entities.
Question
If text has to be there but remain small why not aid the reading of it? Or even question, debate, figure out and action a more conducive and responsible way to show and present it? Then, after trying that, maybe review its affect and learn from it for future use?
Oh, but generally the small text is legal-covering-of-the-derrière so not worth making any typographic or reading effort on, is it? So why is it present then? And if present at all, why in poorly contrasted ways and for not long enough (certainly on screen in advertising) for someone to read it and decide they don’t agree with those terms, for instance?