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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 without being an employee. Kramer emphasizes the importance of having a written agreement to clarify the relationship with the contractor, regardless of the services provided. Key elements that should be included in the agreement are the specific services the contractor will perform and the payment terms. These elements ensure both parties have a clear understanding of the contractual relationship.