A Web Hosting Agreement is a formal contract between a service provider and customer outlining the services to be provided, any applicable fees and payment terms associated with hosting a website. This agreement should include details about server space, email accounts, domain name registration, security measures, uptime guarantees, backup policies and customer responsibilities. The customer must agree to all outlined terms before entering into an agreement with the web hosting provider. It is important for customers to understand the details of their commitments and obligations before signing any agreement related to web hosting services.