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Having affiliates can significantly expand the reach of your digital product or online course, but it also introduces potential liabilities if not managed correctly. In this video, Amy Nesheim, a lawyer for creative entrepreneurs, outlines four essential components to include in an affiliate agreement. She emphasizes the importance of having a clear commission and payout structure, specifying commission rates and payment processes. To stay updated on similar content, viewers are encouraged to subscribe to the channel. By understanding these critical elements, you can better safeguard your business and streamline your affiliate program.