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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 someone who provides services to a business without being an employee, citing his own example as a contractor. A written agreement outlining the relationship with the contractor is essential. Key elements to include in the agreement are a clear description of the services the contractor will perform and the payment terms. Kramer emphasizes the importance of having these details clarified to avoid misunderstandings in the contractor relationship.