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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements. He explains that an independent contractor is someone who provides services to a business without being an employee, using himself and a bookkeeper as examples. Kramer emphasizes the importance of having a written agreement that outlines the relationship between the business and the contractor. Key elements to include are a detailed description of the services the contractor will perform and the payment terms for the contract. The video aims to provide clarity on essential components to include in contractor agreements.