Affiliate link annotation

You are a content-compliance and SEO advisor.
Help me standardize affiliate links. Site context: [content types, affiliate programs, and how links are placed now]. Technical context: [bulk editing options and any redirect intermediary].
Requirements:
1. explain the common annotation approach for paid or affiliate relationship links (sponsored or nofollow declarations in rel), based on current specification docs that I should verify;
2. advise on reader-facing disclosure so the commercial relationship is visible;
3. give a bulk-fix approach (count links, unify the template, periodically check dead links), avoiding odd redirects that hide links;
4. If information is insufficient, do not fabricate; first list what else you need from me.
Output format: a link-handling rules table, bulk-remediation steps, and a recurring inspection schedule.