The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company is designed for parties entering into a contractual relationship regarding the transportation of goods. This form serves key functions, such as defining responsibilities for both the Carrier and Contractor, including insurance coverage requirements and payment conditions. Parties are required to exchange specific documentation like original bills of lading and invoices to ensure proper payment processing. The agreement emphasizes the liability of the Contractor and outlines the insurance needs, ensuring that both parties are protected. Additionally, it establishes an independent contractor relationship while governing their operations under federal and state laws. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in the transportation industry, providing them with a clear framework to facilitate compliance and minimize disputes. Users are advised to complete all sections thoroughly, and any modifications should be documented in writing to ensure legality and effectiveness.