The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company is designed specifically for owner drivers partnering with carriers, such as Amazon, in Houston. This form outlines the obligations of both parties, including transportation responsibilities, insurance requirements, and payment protocols. Carriers must provide adequate liability and cargo insurance, while contractors are responsible for maintaining their own coverage. Payment terms stipulate that contractors must submit documentation within 48 hours of delivery in order to receive payment within 45 days. The agreement also addresses liability for cargo loss, the role of drivers, and the relationship nature between contractors and carriers, emphasizing their status as independent entities. It effectively aids users in formalizing their partnership and ensuring legal protections in their operations. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who need to create clear, enforceable contracts that comply with federal regulations while protecting the interests of all involved parties.