The Owner Operator Contract with Carrier Lease Agreement in Harris establishes a formal arrangement between an independent contractor (the Owner/Operator) and a carrier company. This agreement outlines responsibilities for transportation services, including the requirement for the owner/operator to provide their equipment for the delivery of goods, insurance coverage specifications, and compensation procedures. Key features include an indemnification clause, liability terms, and conditions for settling cargo claims according to federal regulations. It also details the documentation necessary for payment, which must be submitted within specified timeframes. This form is highly useful for various legal professionals including attorneys, partners, owners, and paralegals, as it provides a clear framework for managing contractual relationships in the transportation industry. Legal assistants can help ensure compliance with the agreement terms and assist in maintaining necessary documentation. Overall, this contract aids in protecting both parties' interests while outlining comprehensive operational guidelines.