The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company outlines the terms governing the owner operator lease programs in Hennepin. This form is designed to facilitate the relationship between contractors and carriers, specifying responsibilities such as transportation of goods, insurance coverage, and compensation for services rendered. Key features include provisions for liability and cargo insurance, stipulations for documentation required for payment, and the relationship dynamics between the contractor and carrier. The form includes clear filling instructions, such as providing contact details and specific mile rates, which are necessary for establishing agreed-upon terms. This document is applicable to attorneys, partners, owners, associates, paralegals, and legal assistants who assist with transportation agreements, ensuring compliance with federal regulations. It serves as a crucial tool for addressing legal and operational needs within the trucking sector, assuring proper documentation and risk management. The utility of the form extends to dispute resolution and clarity in services rendered, offering professionals a structured approach to managing owner operator lease agreements effectively.