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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 anyone providing services to a business who is not an employee, such as a bookkeeper or an attorney. A written agreement outlining the relationship between the contractor and the business is essential. Key components that should be included in the agreement are a description of the services to be performed by the contractor and the payment details, specifying how much the contractor will be compensated for their work.