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Before engaging affiliates for your products or services, it's crucial to have a contract in place to prevent legal issues and misunderstandings. A well-structured contract not only clarifies the affiliate partnership but also fosters trust, essential for success. This video explains the importance of an affiliate contract, outlines eight key elements to include for protection, and provides guidance on creating your own agreement. The speaker, a lawyer, offers a downloadable affiliate program template to help you complete your agreement in just 15 minutes.