The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company or Organization is designed to establish the terms of collaboration between an owner/operator and a carrier. It outlines responsibilities for transportation, insurance requirements, and the invoicing process. Key features include mandatory documentation for payment, liability coverage, and insurance stipulations to protect both parties. This contract is especially useful for owners and operators in the trucking industry, providing clarity on liability and service expectations. Attorneys and legal assistants can utilize this form to ensure compliance with federal regulations, while partners and associates can rely on it to manage ongoing relationships with contractors effectively. The agreement emphasizes clear communication regarding delays or claims, ensuring a solid framework for operating as independent contractors. The document facilitates a professional relationship between the parties and encompasses necessary contingency plans, reinforcing the independent status of the contractor throughout the term.