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In this episode of "All Up in Your Business," attorney Aiden Kramer explains the importance of independent contractor agreements. He defines an independent contractor as anyone providing services to a business who is not classified as an employee. Kramer emphasizes the need for written agreements to clarify the relationship between the business and the contractor. Key elements to include in these agreements are: the specific services to be performed by the contractor and the payment terms. By formalizing the arrangement in writing, both parties can have a clear understanding of their responsibilities and expectations.