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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 but is not classified as an employee. For example, when he hires a bookkeeper as a contractor, this relationship should be formalized in writing. Kramer emphasizes the importance of clearly outlining the terms of the agreement, starting with detailing the services the contractor will perform. Additionally, payment terms need to be explicitly stated, including the amount and conditions of compensation.