The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company or Organization outlines the responsibilities and expectations between the Contractor and Carrier in the transport of goods. The agreement specifies that the Contractor must provide their own equipment and insurance, including a minimum liability coverage of $1,000,000. The document indicates payment procedures, including the requirement for necessary documentation within specified timeframes. Additionally, it details liability for lost or damaged cargo, the need for Contractors to maintain their own insurance, and the nature of the contracting relationship ensuring that the Contractor remains independent. This form is essential for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it provides a structured framework for establishing roles and liabilities, ensuring legal compliance and clarity in business operations. Users must carefully fill in required sections, such as the names, addresses, and insurance details, while also understanding the importance of adhering to state and federal regulations concerning transportation contracts. It can be utilized in various scenarios where independent trucking services need formal establishment and documentation.