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In this video, the importance of having an affiliate contract before engaging with affiliates is emphasized. A contract helps prevent legal issues and misunderstandings, solidifies the partnership, and builds trust—essential components for successful affiliate relationships. The tutorial outlines what an affiliate contract is, why it is necessary, and shares eight crucial elements to include for business protection. Additionally, the speaker, Ami, provides a downloadable affiliate program template for viewers to create their own agreement quickly, completing the process in about 15 minutes. New viewers are welcomed to the channel.