Company Name :: Terms & Conditions ver.

Terms and Conditions are a set of rules and guidelines that a user must agree to in order to use your website.

It acts as a legal contract between you (the company) who has the website and the user who access your website.

You can manage the Terms and Conditions as Admin from the Admin account.
Go to Configuration > Website Setup > T&C Editor from the left hand menu.
Then Choose the Distributor tab (default) in the Term & Conditions section.