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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 providing services for a business without being an employee, citing his own role as an attorney and examples like hiring a bookkeeper. Kramer emphasizes the importance of having a written agreement that outlines the relationship between the business and the contractor. Key aspects to include in the agreement are the specific services to be performed by the contractor and the payment terms. The discussion highlights the necessity of a clear contract to define roles and responsibilities.