The Independent Contractor Agreement between an owner/operator truck driver and a common carrier outlines a professional relationship where the contractor provides transportation services for the carrier using their own equipment. Key features include insurance requirements with specific coverage amounts for liability and cargo, invoicing procedures, and documentation requirements for payment processing. The agreement emphasizes the contractor’s responsibility for the transportation of goods, including liability for loss or damage. It specifies that the relationship between the contractor and carrier is that of independent entities. This form is crucial for attorneys, partners, and legal assistants as it provides clear terms that dictate operational expectations and legal responsibilities, ensuring compliance with federal regulations. Additionally, paralegals and associates can utilize it to understand client responsibilities in transportation contracts and potential exposure to liabilities. By following the outlined filling and editing instructions, users can adapt the form to their needs while maintaining legal integrity. The agreement also highlights dispute resolution and governs the operational relationship effectively, serving as a foundational document for those involved in the logistics industry.