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The speaker discusses an independent contractor agreement they found online through a Google search, noting that it is neither overly poor nor exceptionally good—mediocre at best. They express concern that as a business contracts lawyer, they would face malpractice claims if they provided this document to a client due to its incompleteness. The speaker highlights specific problematic areas in the agreement, indicating that such deficiencies are common in online downloadable contracts. They emphasize the importance of having a well-drafted agreement, highlighting that the document lacks essential elements that should be included.