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Before engaging affiliates for promoting products or services, it's crucial to have a contract to avoid legal issues and misunderstandings. A contract establishes the affiliate partnership, fostering trust, which is vital for success. This video discusses the importance of an affiliate contract, highlights why it should be used, and outlines eight essential elements to include for protection. As a lawyer, the presenter also addresses how to create an affiliate agreement independently, offering a downloadable affiliate program template. Viewers will learn how to complete their affiliate agreement in just 15 minutes.