The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company is a legal document designed to establish the relationship between a truck driver acting as a contractor and a carrier company. This form outlines the responsibilities of both parties, including the transportation of goods, insurance requirements, and liability considerations. It is particularly relevant for owner operators needed in Cook, helping to clarify the operational framework under which they work. Key features of the agreement include stipulations for appropriate documentation required for payments, such as bills of lading and proof of delivery, which must be submitted within set timeframes. Furthermore, it covers insurance requirements, including liability and cargo insurance, and emphasizes that both parties operate as independent contractors. This agreement is essential for attorneys, partners, and owners in the transportation industry as it protects their interests and ensures compliance with federal regulations. Paralegals and legal assistants will find it beneficial for understanding the obligations and rights of contractors and carriers, thereby facilitating the drafting process and ensuring complete and accurate documentation in transportation agreements.