The Owner Operator Lease in Georgia is a formal document outlining the agreement between an independent contractor, referred to as the Contractor, and a common carrier company, referred to as the Carrier. It primarily details the responsibilities of both parties, including transportation services, insurance requirements, and payment processes. Key features include clear regulations on liability, insurance coverage levels, and specifications on documentation required for payment. The form stipulates the Contractor’s obligation to maintain proper insurance and provides guidelines for invoicing and freight collection. Additionally, it emphasizes the independent contractor relationship, ensuring neither party is liable for delays caused by unforeseen circumstances. This document is essential for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it serves to safeguard the interests of both the Carrier and Contractor while providing clarity on operational procedures. The structured lease allows users to outline specific terms, ensuring all legal requirements are met. It is instrumental in facilitating smooth transport operations within the trucking industry in Georgia.