The 'Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company or Organization' outlines the terms of engagement between a contractor and a carrier for transportation services. It highlights the contractor's responsibility to provide transportation using their own equipment, while the carrier agrees to provide relevant insurance coverage. The agreement specifies documentation requirements for payment processing and liability for loss or damage during transport. Key features include insurance stipulations, liability clauses, and terms regarding delay notifications. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the logistics and transportation sector, as it clarifies obligations and protections for both parties. The form allows users to customize schedules for shipments and outlines procedures for handling cargo claims, thereby ensuring compliance with federal regulations. Moreover, it provides a clear framework for establishing an independent contractor relationship, reducing miscommunication risks and legal disputes.