Final answer:
The agreement you sign when creating a social media account is known as Terms of Service or Terms and Conditions, forming a contract that outlines the rules, privacy policy, and legal implications of your use of the platform.
Step-by-step explanation:
The agreement you sign up for when creating a social media account is commonly referred to as a Terms of Service (ToS) or Terms and Conditions. Although you may not have a tangible document, when you agree to these terms electronically, it becomes a binding contract between you and the service provider. These terms outline the rules for using the platform, the privacy policy regarding how your information will be used, and the legal implications of your interactions on the site. Being aware of these terms is essential as it includes your rights and obligations, as well as the limits of liability of the service providers.