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Having affiliates can help broaden the reach of your digital product or online course, but it increases business liability if the affiliate program isn't structured correctly. In this video, lawyer Amy Nesheim discusses four essential components to include in your affiliate agreement. By the end of the video, viewers will understand the importance of these elements. She specifically emphasizes the commission and payout structure, detailing how commissions will be calculated and distributed. To stay updated on legal aspects for online businesses, viewers are encouraged to subscribe for future content.