diff --git a/app/code/Magento/CheckoutAgreements/view/frontend/web/js/view/checkout-agreements.js b/app/code/Magento/CheckoutAgreements/view/frontend/web/js/view/checkout-agreements.js
index c6d709fab8486..359db155c5499 100644
--- a/app/code/Magento/CheckoutAgreements/view/frontend/web/js/view/checkout-agreements.js
+++ b/app/code/Magento/CheckoutAgreements/view/frontend/web/js/view/checkout-agreements.js
@@ -45,6 +45,26 @@ define(
                 agreementsModal.showModal();
             },
 
+            /**
+             * build a unique id for the term checkbox
+             *
+             * @param {Object} context - the ko context
+             * @param {Number} agreementId
+             */
+            getCheckboxId: function (context, agreementId) {
+                var paymentMethodName = '',
+                    paymentMethodRenderer = context.$parents[1];
+
+                // corresponding payment method fetched from parent context
+                if (paymentMethodRenderer) {
+                    // item looks like this: {title: "Check / Money order", method: "checkmo"}
+                    paymentMethodName = paymentMethodRenderer.item ?
+                      paymentMethodRenderer.item.method : '';
+                }
+
+                return 'agreement_' + paymentMethodName + '_' + agreementId;
+            },
+
             /**
              * Init modal window for rendered element
              *
diff --git a/app/code/Magento/CheckoutAgreements/view/frontend/web/template/checkout/checkout-agreements.html b/app/code/Magento/CheckoutAgreements/view/frontend/web/template/checkout/checkout-agreements.html
index 4b657748dc988..a448537d64e83 100644
--- a/app/code/Magento/CheckoutAgreements/view/frontend/web/template/checkout/checkout-agreements.html
+++ b/app/code/Magento/CheckoutAgreements/view/frontend/web/template/checkout/checkout-agreements.html
@@ -11,11 +11,11 @@
             <div class="checkout-agreement required">
                 <input type="checkbox" class="required-entry"
                        data-bind="attr: {
-                                    'id': 'agreement_' + agreementId,
+                                    'id': $parent.getCheckboxId($parentContext, agreementId),
                                     'name': 'agreement[' + agreementId + ']',
                                     'value': agreementId
                                     }"/>
-                <label data-bind="attr: {'for': 'agreement_' + agreementId}">
+                <label data-bind="attr: {'for': $parent.getCheckboxId($parentContext, agreementId)}">
                     <button type="button"
                             class="action action-show"
                             data-bind="click: function(data, event) { return $parent.showContent(data, event) }"