Hey
If you go to
https://www.youtube.com/account_monetization and it shows a blue button saying "Review and Accept Terms" then you just need to click that and read over the YouTube partner Program terms then accept it. This will not affect anything with your partnership with Freedom as this is just something YouTube are doing alongside every MCN to bring more new features this year to all YouTube channels.
If it doesn't show a blue button saying "Review and Accept Terms" then you have nothing to worry about as it will have been done
Danny