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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.
Affiliate is used primarily to describe a business relationship wherein one company owns less than a majority stake in the other company's stock. Affiliations can also describe a type of relationship in which at least two different companies are subsidiaries of the same larger parent company.
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.
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.
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. "
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.
A subsidiary is a company whose parent company is a majority shareholder that owns more than 50% of all the subsidiary company's shares. An affiliate is used to describe a company with a parent company that possesses 20 to 50% ownership of the affiliate.
One entity is affiliated with another entity if one of them is the subsidiary of the other or both are subsidiaries of the same entity or each of them is controlled by the same entity or individual. If two entities are affiliated with the same entity at the same time, they are deemed to be affiliated with each other.