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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses the importance of independent contractor agreements. He defines an independent contractor as anyone providing services for a business who is not an employee, providing his own example as an attorney contracted by businesses. Kramer emphasizes the necessity of having a written agreement to clarify the relationship with the contractor. Key terms to include in the agreement are the specific services to be performed and the payment details, ensuring both parties have a clear understanding of their obligations and expectations.