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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, using his own practice as an example. Kramer emphasizes the importance of having a written agreement that outlines the relationship between a business and its contractor. Key terms to clarify in the agreement include the specific services the contractor will perform and the payment details for those services. This ensures clear communication and understanding between both parties.