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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. Examples include hiring various professionals, like bookkeepers, as contractors. It's crucial to have a written agreement that outlines the relationship with the contractor. Key terms to clarify in the agreement include the specific services the contractor will provide and the payment details, including the amount of compensation. The discussion emphasizes the importance of clearly defining these elements to ensure a smooth working arrangement.