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In this video, the importance of having a contract in place before working with affiliate partners is emphasized to avoid legal issues and misunderstandings. A solid contract not only defines the affiliate partnership but also builds trust, which is essential for a successful collaboration. The tutorial will cover what an affiliate contract is, why it's necessary, and detail eight crucial components to include in the contract for protection. Additionally, the presenter, Ami, a lawyer, will guide viewers on how to create their own affiliate agreement using a downloadable template, aiming to simplify the process to just 15 minutes.