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Having affiliates can expand your digital product or online course's reach, but it also brings potential liability. This video focuses on setting up a proper affiliate program. The key elements of an affiliate agreement include the commission and payout structure, clear terms and conditions, compliance with laws and regulations, and termination clauses. It's crucial to have a well-drafted affiliate agreement to protect your business and ensure a successful partnership with affiliates. Subscribe for more legal tips to navigate online business safely.