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An affiliate agreement is an agreement between a merchant and affiliate under which a website operator will usually pay a commission or fee for referrals from an affiliate to the merchant's website.
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.
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.
Affiliation agreements are contracts between a healthcare organization and an educational institution for the purpose of providing instruction in the healthcare organization to healthcare students (or learners).
These legally binding agreements are necessary to help businesses establish a legal bond between clients and employees (or affiliates). While most affiliates are ethical business partners looking to add value to companies, unethical or illegal practices do happen.