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A social media influencer contract is an agreement between a company and an influencer, whose social media following can significantly affect consumer buying behavior. These agreements are crucial for companies aiming to enhance market share, as endorsements from influencers provide a personal connection akin to word-of-mouth recommendations. Given the novelty of social media influencing, having a contract is essential for clarity and understanding between both parties. The video also promotes eForms, a database for various documents, and invites viewers to watch until the end for a link to a sample influencer contract.