Affiliates and Affiliate Agreements in Business
What are they?
An affiliate, in general business terms, is an "official attachment" of one business entity to another. Official attachment implies a contract or agreement of some kind and an announcement to the public of the connection between the two businesses. Whether one business is an affiliate of another is based on common ownership, common management, and the existence of a contract
Affiliate marketing is an arrangement between a seller and another business that gives a sales commission to the affiliate for promoting a product or line of products for the other company. Amazon affiliate programs are an example of this type of marketing.
Parts of the system
- Creator
- Marketer
- Merchant Site/Platfor
- The Affiliate
The Idea
In some cases, such as a license agreement, “affiliates” of parties are given the same obligations and rights as the parties themselves in the terms of the contract.
Vala Solutions Affiliates System
Simply Put?
Simply put, affiliate programs, also called associate programs, are arrangements in which an online merchant Web site pays affiliate Web sites a commission to send them traffic for a good commission
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