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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses the importance of independent contractor agreements. An independent contractor is defined as someone who provides services to a business but is not classified as an employee, such as an attorney or a bookkeeper. Kramer emphasizes the necessity of having a written agreement that outlines the specifics of the contractor relationship. Key components to include in the agreement are a description of the services to be performed by the contractor and the payment terms. Overall, having clear documentation helps define the working relationship and responsibilities between the business and the contractor.