The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company outlines the terms under which a contractor provides transportation services using their own equipment. This form distinguishes the roles of the owner and the owner/operator, where the contractor (owner/operator) is responsible for delivering goods for the carrier. Key features include insurance requirements, billing and payment protocols, and liability conditions. Contractors must maintain specific insurance levels and provide documentation within stipulated timelines. The form is crucial for ensuring compliance with federal regulations and establishing clear expectations on service execution. Potential use cases for this agreement include forming partnerships between truck drivers and carriers, creating documented relationships for legal protection, and ensuring adherence to industry standards. The target audience, which includes attorneys, partners, and paralegals, will find this form valuable for drafting and executing transportation-related contracts, facilitating clarity in communications, and protecting client interests.