The document is an Independent Contractor Agreement between an owner/operator truck driver and a common carrier company. This agreement outlines the responsibilities of both parties regarding transportation services, including the contractor's obligation to deliver goods and maintain required insurance coverage. Key features include the provision for liability insurance, the process for invoicing and payment, and conditions regarding delays or accidents affecting delivery. It is tailored for various uses, such as ensuring compliance with federal regulations and setting clear terms of liability and indemnification. For the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a crucial tool in drafting clear contracts that define the independent contractor relationship, protect both parties, and ensure adherence to legal requirements. The document facilitates a structured agreement, providing essential details like insurance requirements, payment terms, and operational guidelines, which are vital for managing legal and business relationships in the transportation sector.