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In this episode of "All Up In Your Business," attorney Aiden Kramer discusses the importance of independent contractor agreements. An independent contractor is defined as a person or entity providing services to a business without being an employee. He emphasizes the necessity of having a written agreement to clearly define the relationship with contractors. Key terms that should be included in the agreement are: the specific services the contractor will perform and the payment details for those services. Having these elements clarified is crucial for any business engaging contractors.