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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements. An independent contractor is anyone who provides services to a business but is not considered an employee. For example, Kramer is a contractor for businesses, and hiring a bookkeeper as a contractor instead of an employee illustrates this relationship. He emphasizes the importance of having a written agreement that outlines the contractor's role, services to be provided, and payment terms. Key aspects to clarify in the agreement include the specific services performed and the compensation for those services.