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Before engaging affiliates, it's crucial to have a contract to avoid legal issues and misunderstandings. A well-defined contract strengthens the partnership and fosters trust, essential for success. This video discusses the importance of an affiliate contract, outlines eight key elements to include for protection, and provides guidance on creating an affiliate agreement independently. Viewers will learn to quickly complete their affiliate agreements using a helpful template designed for ease of use, which can be downloaded instantly. The host of the video is Ami, a lawyer experienced in affiliate partnerships.