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In this video, attorney Amy Nesheim discusses the importance of setting up an affiliate program correctly to avoid liabilities for your business. She outlines four key components to include in your affiliate agreement. The first essential aspect is the commission and payout structure, detailing the commission amount and payment terms. By watching this video, you'll learn how to properly draft your affiliate agreement to ensure legal compliance and protect your online business. Don't forget to subscribe for more legal tips for creative entrepreneurs.