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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 to a business who is not classified as an employee, using himself and a bookkeeper as examples. Kramer emphasizes the importance of having a written agreement to clarify the contractor relationship. Key terms to include in the agreement are the specific services to be performed by the contractor and the payment details. This ensures both parties have a clear understanding of their obligations and expectations.