The Owner Operator Contract with USPS in Illinois is an essential legal document that outlines the relationship between an owner/operator truck driver and a common carrier company. This agreement stipulates obligations such as transportation of goods, insurance requirements, invoicing protocols, and liability clauses. Key features include the requirement for the contractor to maintain truck liability and property insurance, and detailed documentation needed for payment processing. It specifies that the contractor operates as an independent entity while also defining payments based on agreed rates and outlines conditions for solicitation of Carrier's clients. Filling out the form requires clear identification of both parties, insurance details, and specific terms of service. Legal professionals, including attorneys and paralegals, may find it useful for creating enforceable contracts and ensuring compliance with federal regulations. Additionally, partners and associates can use this form to establish clear operational guidelines that protect their business interests while handling shipments effectively.