The Independent Contractor Agreement between an Owner/Operator Truck Driver and Common Carrier Company outlines the responsibilities and terms governing the partnership between the Contractor and the Carrier within the context of owner operator lease programs in Cuyahoga. Key features include the provision of transportation services by the Contractor using their own equipment, insurance requirements, and payment regulations for services rendered. The form specifies documentation necessary for payment, as well as liability agreements between the parties involved. It emphasizes the independent contractor relationship, defining obligations for insurance coverage, maintenance, and adherence to federal regulations regarding cargo claims. The agreement protects both parties by stipulating conditions for resolving disputes and the handling of liabilities. This document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate or negotiate owner operator leases. It serves as a guideline for creating legally binding contracts while ensuring compliance with industry and regulatory requirements.