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An affiliate program agreement is essential for any affiliate program, serving as a foundational document that outlines the rules and policies governing the partnership between a brand and its affiliates. This agreement can be referred to in various ways, such as an operating agreement or terms of service. It details both broad policies, like payment and promotional policies, and specific policies, such as attribution and self-referred orders. Understanding these components is crucial for effectively managing an affiliate program and ensuring clear communication of expectations and responsibilities to the affiliates involved.