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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements. He defines an independent contractor as anyone providing services for a business without being an employee, using himself and a bookkeeper as examples. Kramer emphasizes the importance of having a written agreement that outlines the contractor's relationship. Key terms to clarify in the agreement include a description of the services the contractor will perform and the payment details. Overall, having a clear and comprehensive contract is essential for protecting both parties involved.