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In this episode of "All Up in Your Business," attorney Aiden Kramer discusses independent contractor agreements. An independent contractor is defined as anyone providing services to a business without being an employee. For example, if Aiden hires a bookkeeper as a contractor, a formal agreement is necessary. He emphasizes the importance of documenting the relationship in writing. Key terms to clarify in the agreement include the specific services to be performed by the contractor and the payment details, such as how much the contractor will be paid. Establishing these terms helps define the working relationship and protects both parties involved.