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An affiliate is a business with a parent company that only possesses a stake of less than 50% ownership of the company. A subsidiary, on the other hand, is a business whose parent company is a majority shareholder, meaning it owns 50% or more of the subsidiary company.
Definition of Affiliate. For purposes of this Agreement, ?Affiliate? means a Person that directly, or indirectly through one or more intermediaries, owns or controls, is owned or is controlled by, or is under common ownership or control with, another Person.
Definition of Affiliate. For purposes of this Agreement, ?Affiliate? means a Person that directly, or indirectly through one or more intermediaries, owns or controls, is owned or is controlled by, or is under common ownership or control with, another Person.
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.
In corporate law and taxes, an affiliate is a company that is related to another company, usually by being in the position of a member or a subordinate role, a subsidiary. In online retailing, affiliation is common in marketing and selling wherein one company may affiliate with another to sell products or services.
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.