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In this video tutorial, the importance of having a contract in place before engaging affiliates to promote products or services is emphasized. A contract helps prevent legal issues, misunderstandings, and strengthens the affiliate partnership by building trust. The video will explain what an affiliate contract is, why it is essential, and outline eight key elements to include for adequate protection. Additionally, the speaker, Ami, who is a lawyer, addresses common inquiries about creating an affiliate agreement independently and provides a downloadable affiliate program template. Ami shows how to use this template to complete an affiliate agreement in just 15 minutes.