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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-defined contract enhances the affiliate partnership, builds trust, and is essential for success. This video discusses the importance of an affiliate contract, what it should include, and outlines eight key elements necessary for protecting your business. Additionally, the speaker, a lawyer, will provide a downloadable affiliate program template that allows you to create your own affiliate agreement in just 15 minutes.