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These agreements are essentially contracts between two parties where the primary affiliate (thats you!) allows another party (the sub-affiliate) to promote the same product or service and earn a commission for any sales they generate.
An affiliate agreement is a contract between two parties who will work together to generate sales or other transactions. The two parties are referred to as the affiliate and the affiliate network. The affiliate network provides access to its customer base, while the affiliate provides traffic and/or sales leads.
With affiliate programs, revenue potential is typically limited to the commission earned on each sale. With partner programs, revenue potential can be expanded as both businesses work together to achieve a common goal.
An affiliation agreement is a written contract detailing the legal obligations of both the school and the experiential learning site to facilitate experiential learning for students. These agreements are typically executed for five years but may be requested for a shorter period.