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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 who provides services to a business without being an employee, using his role as a contractor for businesses as an example. The importance of having a written agreement that outlines the relationship with the contractor is emphasized. Key components to include in the agreement are the specific services to be performed by the contractor and the payment terms. Kramer aims to highlight other important terms to clarify in such agreements to ensure a clear understanding between the parties involved.