After Step 4, you can optionally enable the acceptance of Terms & Conditions in the checkout process.
How to enable
From Admin > Config > Website, select a website then choose the Checkout tab and in the Settings panel, check the Show T&C's checkbox and Save.
How to manage content
From eCommerce > Checkout Content, create items with the following settings:-
1. Checkout Step: Terms & Conditions, Middle - this content will appear in the main scrolling area of the T&Cs page.
1. Checkout Step: Terms & Conditions, Bottom- this content will appear in the area immediately before the "I accept" checkbox.