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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 but is not classified as an employee. For instance, if he hires a bookkeeper as a contractor, this relationship should be clearly defined in writing. Kramer emphasizes the importance of outlining key terms in the agreement, starting with a description of the services the contractor will perform. Payment details, including the compensation amount, are also crucial to specify. Having these terms clearly articulated helps to define the relationship between the business and the contractor.