The Owner Operator Agreement Template with Trucking Company in Chicago establishes the terms between an independent contractor (the Contractor) and a common carrier (the Carrier) for transportation services. Key features include the obligation of the Carrier to provide necessary insurance and the Contractor's responsibility to maintain proper liability and cargo insurance. The form outlines invoicing procedures, documentation requirements, and the Contractor's liability for the cargo transported. This agreement is crucial for creating a legally binding relationship where the Contractor operates as an independent entity while the Carrier retains certain authority for collecting freight charges. Specific use cases include clarifying the Contractor's responsibilities in transportation logistics, providing clear payment terms, and ensuring compliance with federal insurance requirements. This document is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants seeking to navigate the complexities of trucking contracts and establish clear operational guidelines.