In
affiliate programs, it is the terms of
service between the
advertiser and the
affiliate, which defines and governs the affiliate
relationship. The affiliate agreement will specify what both parties are
responsible for, payout terms and commission for
conversions. Most affiliate programs will ask you to agree to the affiliate
agreement before submitting your application to join the program.
See "How
Affiliate Marketing Works" in the "Did
You Know..." section of Webopedia.
Also see Refer-It.com, a directory of
referral & affiliate programs for e-commerce, featuring information on over 6,500
affiliate programs.