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In this video, Amy Nesheim, a lawyer for creative entrepreneurs, discusses the essential components to include in an affiliate agreement for your digital product or online course. Having affiliates can expand your reach but comes with liability if not set up correctly. By the end, viewers will learn about four crucial elements to incorporate into their affiliate agreements. The first key aspect highlighted is the commission and payout structure, detailing how much commission affiliates will earn. Amy encourages viewers to subscribe for more legal insights to help them maintain compliance in their online business.