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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements. An independent contractor is defined as someone providing services to a business without being an employee. For example, if an attorney hires a bookkeeper without an employee relationship, the bookkeeper is considered a contractor. Kramer emphasizes the importance of having a written agreement that outlines the relationship with the contractor. Key elements to include in the agreement are a clear description of the services to be performed and the payment details. He highlights the necessity of clarifying these essential terms to avoid misunderstandings.