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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements, highlighting that independent contractors provide services for a business without being classified as employees. He emphasizes the importance of having a written agreement that clearly outlines the relationship between the business and the contractor. Key components that should be included in the agreement are the specific services the contractor will perform and the payment terms. By clarifying these terms, businesses can ensure better understanding and management of their contractor relationships.