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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 someone who provides services to a business without being an employee, using his own role as a contractor for illustration. Kramer emphasizes the importance of having a written agreement to clarify the relationship. Key terms to include in the agreement are the specific services to be performed by the contractor and the agreed-upon payment details. He highlights that having clear terms in writing helps avoid misunderstandings and protects both parties involved.