The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company establishes the relationship and obligations of the Contractor and Carrier in Franklin. The form details agreements concerning transportation services, insurance requirements, invoicing procedures, and liability for damages. Key features include the stipulation of insurance coverage, documentation for payments, and the Contractor's responsibility to maintain operational standards. Filling out the form requires users to provide specific information about the Contractor and Carrier, as well as agreed-upon rates and conditions. This form is particularly useful for attorneys, partners, and owners overseeing contracts within logistics, as it ensures compliance with federal standards and protects against potential liabilities. Paralegals and legal assistants can benefit from using the template to streamline contract management and validate compliance with industry regulations. Additionally, the clear structure aids users in comprehending their rights and obligations, promoting trust and professionalism in contractual relationships.