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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 performs services for a business but is not an employee. For example, when he works with businesses as an attorney or hires a bookkeeper, these individuals are considered contractors. Kramer emphasizes the importance of having a written agreement that outlines the relationship with the contractor. Key terms to include are the services being performed, the payment structure, and any other essential details to clarify the agreement. This ensures both parties understand their roles and responsibilities.