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A social media influencer contract is an agreement between a company and an influencer, who has a substantial following on social media that can impact buying habits. These agreements are crucial for companies aiming to grow their market share, as endorsements from influencers can mimic coveted word-of-mouth recommendations. Given the relative novelty of social media influencers, contracts ensure clarity for both parties involved. The video tutorial also mentions eForms, a database for various types of documents, and includes a promise to provide a link to a social media influencer contract by the video's end.