The Independent Contractor Agreement between an Owner/Operator Truck Driver and a Common Carrier Company outlines the terms and responsibilities for transporting goods using the truck driver's own equipment. It emphasizes the carrier's obligation to provide necessary insurance coverage, while also detailing the documentation required for payments to the contractor. Key features include liability stipulations, payment terms, insurance requirements, and the independent contractor relationship. This contract is essential for ensuring compliance with federal regulations and protecting both parties from liabilities. It is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in the trucking industry, as it clarifies roles and safeguards against legal issues. The form should be filled out carefully, ensuring accurate details about payment, delivery, and compliance with insurance obligations. Users need to edit the agreement to incorporate specific terms related to their unique business arrangements.