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The speaker discusses an independent contractor agreement downloaded from the internet, noting its mediocre quality. They emphasize that while the agreement is not terrible, it is also not well-crafted, falling into an unacceptable standard for legal contracts. As a business contract lawyer, the speaker expresses that providing such an agreement to a paying client could lead to malpractice claims due to its incompleteness. The speaker highlights specific problematic sections within the document, indicating that this is typical of agreements found online, which often lack thoroughness and necessary legal protections.