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Having affiliates can help expand the reach of your digital product or online course, but it also increases business liabilities if not structured correctly. In this video, attorney Amy Nesheim outlines four essential components to include in your affiliate agreement. The first key aspect is the commission and payout structure, detailing the commission rates and payment terms. By the end of the video, viewers will understand the importance of these elements to ensure compliance and protect their businesses. Amy encourages viewers to subscribe for more legal insights tailored for online entrepreneurs.