If you have an account which is an Administrator of an Apple Business Manager instance, you might receive or soon receive an email like the above.
This email does seem legit, (despite coming from “noreply@me.com” where previous came from “no-reply@apple.com”), and I expect the process if not agreed to be the same as six months ago.
One nice change is that this time the email contains this link, which allows you to get the new terms in a PDF for review ahead of time.
So, pass this along to your legal teams as needed and mark down a little task on December 3, 2020 to approve these new terms.
Hey Ben, just FYI, I got the message for Apple school manager but it came from no-reply@email.Apple.com