The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company outlines the relationship where the Contractor, operating as an independent owner-operator, provides transportation services to the Carrier using their own equipment. This agreement includes essential terms regarding insurance requirements—such as truck liability and cargo insurance—and mandates documentation needed for payment processing, ensuring that both parties understand their obligations. The Contractor must submit various documents, including proof of delivery and invoices, to receive payment from the Carrier within 45 days. The Contractor is responsible for ensuring that drivers are competent and must hold adequate insurance coverage. Key features include guidelines for liability, the prohibition on soliciting the Carrier's customers, and conditions under which freight transportation may be delayed. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for defining responsibilities and protecting interests in the trucking industry. Practitioners can use this form to manage contractor relationships efficiently, ensuring compliance with federal regulations while minimizing liability risks.