The Independent Contractor Agreement between an owner/operator truck driver and a common carrier company is designed to outline the responsibilities and rights of both parties involved in the transportation of goods. This document establishes the operational framework under which a delivery driver for Walmart in Broward can operate, detailing insurance coverage, payment procedures, and documentation requirements. Key features include liability limits, billing guidelines, and conditions under which the contractor must report delays. Filling instructions emphasize the need for clear identification of parties involved, along with precise documentation such as bills of lading and insurance proof. The form is particularly useful for attorneys and legal assistants in ensuring compliance with federal regulations and for owner/operators in securing favorable operational terms. It allows for flexibility in negotiating rates and adapting to specific transportation needs, making it a critical tool for establishing formal working relationships. Use cases include addressing claims settlement, liability management, and compliance with industry regulations relevant to Florida's transportation sector.