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In this video, Amy Nesheim, a lawyer for creative entrepreneurs, discusses the importance of properly setting up an affiliate program for digital products or online courses to widen your audience while minimizing liability. She outlines four key components to include in an affiliate agreement. The first component is the commission and payout structure, detailing the commission rate and payment methods. Nesheim emphasizes the need for these elements to protect your business legally. She encourages viewers to subscribe for more informative content on staying compliant in their online endeavors.