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Affiliates are business entities that are attached to other businesses based on a contractual affiliation agreement. An affiliate agreement is a contract between two parties: the host or offering business and the affiliate.
A solid agreement should cover all the legal bases and specify your coupon and discount policy. It should also specify your terms regarding other affiliates, promotional methods, bonus structures, and payment policies. The agreement should also state your affiliate's business structure and an update clause.
A Standard Clause, sometimes referred to as a binding effect and enurement clause, stating the parties' intention that their respective successors and assigns be entitled to the benefits of, and subject to the obligations created by, the agreement.
Affiliate clauses in contracts In some contracts, a party's affiliate can be given the same obligations and rights as the party themselves. A great example of this is license agreements. In other contracts, companies can be required to provide warranties and representations about their affiliates as well as themselves.
What is an "affiliation agreement"? An affiliation agreement is between a university and another entity for purposes of providing an educational opportunity for students generally in a supervisory situation such as clinical experience, an internship program, or a student teaching assignment.
Each Stockholder agrees with the other Stockholders and the Company that prior to any transfer of Company Shares to any of its Affiliates (as hereinafter defined), it shall cause such Affiliate to agree in writing to be bound by the provisions of this Agreement. "
An affiliate agreement is a contract between two parties: the host or offering business and the affiliate. Whether one business is an affiliate of another is based on common ownership, common management, and the existence of a contract.
A binding clause binds the parties involved in a contract to perform their duties in a way that benefits all of the other involved parties and legally binds everybody to the terms of the contract.