Which document typically contains terms located inside a product package?

The correct choice highlights a specific type of agreement that is often associated with the purchase of physical products, particularly software or electronic devices. A shrink-wrap agreement is a legal contract that is typically contained within the packaging of a product and whose terms are only visible once the package is opened. By breaking the seal or unwrapping the product, the consumer is considered to have accepted the terms outlined in that agreement.

This type of agreement is significant because it establishes the legal terms under which the buyer can use the product, often including limitations on use, liability disclaimers, and other essential legal aspects relevant to the product. The acceptance is deemed to occur through the act of opening the package, which is a key characteristic of shrink-wrap agreements.

In contrast, service agreements and terms of service are generally related to services provided online or in other non-physical forms, and a product warranty generally addresses the guarantee of a product’s quality and functionality over a specified period, rather than the acceptance of terms within the product's packaging.