The Independent Contractor Agreement for Owner Operators serves as a formal contract between an owner/operator truck driver and a common carrier company in Franklin. This document stipulates the responsibilities of both parties, including transport obligations, insurance requirements, and payment procedures. Key features include the establishment of liability insurance coverage, detailed invoicing processes, and specifications for shipment documentation. The agreement also outlines the independent contractor's responsibilities regarding the operation of trucks and compliance with applicable regulations. Filling and editing instructions emphasize the need for accurate information, including the driver's details and specific shipment conditions. Use cases relevant to the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants include legal compliance, risk management, and establishing clear operational parameters between contractors and carriers. This form is crucial for ensuring that all legal obligations are met, protecting both parties from potential liabilities, and facilitating smooth business operations.