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Attorney Aiden Kramer from Colorado discusses the importance of independent contractor agreements in this episode of "All Up In Your Business." He defines an independent contractor as anyone providing services without being an employee, such as an attorney or bookkeeper. Kramer emphasizes the necessity of a written agreement outlining the relationship between the business and the contractor. Key terms to include are the specific services to be performed and the payment details. This documented clarity is essential for defining expectations and responsibilities in the contractor-client relationship.