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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 someone who provides services to a business without being an employee. For instance, he cites himself as a contractor and mentions hiring a bookkeeper in the same capacity. Kramer emphasizes the importance of having a written agreement that outlines the relationship with the contractor, highlighting key components to include. These components are the specific services to be performed and the payment terms of the contract.