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Creating an affiliate program agreement is essential for any affiliate program, serving as a contract between a brand and its affiliates. This document, also referred to as an operating agreement, terms and conditions, or terms of service, outlines the rules and policies governing the program. Broad policies include payment and promotional guidelines, while specific policies address topics such as attribution and self-referred orders. The agreement defines how affiliates can operate within the program, establishing clear expectations and procedures for all parties involved.