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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements, emphasizing their importance for businesses. An independent contractor is defined as anyone providing services without being an employee, such as an attorney or bookkeeper. Kramer highlights the necessity of having written agreements to clearly outline the relationship with contractors. Key terms to include in these agreements are the specific services to be performed and the payment details for the contractor. Clear documentation helps avoid misunderstandings and ensures a smooth working relationship.