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In this video tutorial, attorney Aiden Kramer discusses independent contractor agreements, focusing on the importance of having a written contract when hiring contractors, who are not considered employees. He explains that an independent contractor can be anyone providing services for a business, such as a bookkeeper. Kramer emphasizes the need to clearly outline the relationship in the agreement. Key terms to include in the contract are the specific services to be performed by the contractor and the payment details. Having a detailed agreement helps avoid misunderstandings and ensures both parties are on the same page regarding their responsibilities and compensation.