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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements. An independent contractor performs services for a business but is not an employee. For instance, if Kramer hires a bookkeeper as a contractor, a formal agreement is advisable. He emphasizes the importance of having a written contract to outline the relationship with the contractor. Key terms to include in the agreement are the specific services to be performed and the payment details for the contractor. Clear documentation helps define expectations and responsibilities within the business relationship.