The Independent Contractor Agreement between an Owner/Operator Truck Driver and Common Carrier Company sets forth the terms under which the Contractor transports goods on behalf of the Carrier. It outlines the responsibilities of both parties, including insurance requirements, payment conditions, and documentation needed for freight processing. The Contractor is responsible for maintaining liability and cargo insurance, while the Carrier must ensure proper compensation within a specified timeframe following receipt of documents. This agreement also emphasizes the independent status of the Contractor, prohibits solicitation of Carrier's customers, and details liability for cargo claims according to federal regulations. It serves a vital role in defining the working relationship, ensuring compliance with legal standards, and safeguarding both parties in case of disputes or claims. The target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form essential for structuring contracts that are clear, legally binding, and protect the interests of both Contractors and Carriers. To utilize the form effectively, users should fill in specific sections with party information, terms of service, and complete requisite documentation as outlined to ensure compliance with the contractual obligations.