The Independent Contractor Agreement between an Owner/Operator Truck Driver and Common Carrier Company outlines the obligations and rights of both parties in the transportation of goods. This contract specifies that the Contractor will transport shipments using their own equipment, while the Carrier agrees to provide necessary insurance and pay for services rendered within forty-five days of receiving proper documentation. Notably, the form includes detailed insurance requirements, liability clauses, and provisions for documentation, ensuring that both parties understand their responsibilities regarding freight and claims. Key features include the Contractor's liability for loss or damage, the necessity of timely communication regarding any delays, and the stipulation that the relationship remains that of independent contractors. This form is essential for attorneys, paralegals, and legal assistants in ensuring compliance with federal regulations and for drafting clear, enforceable agreements. It also serves owners and partners by safeguarding their interests and outlining payment procedures, while associates can use it to facilitate standard practices in transportation agreements. Overall, the agreement is a vital tool for those involved in the logistics and transportation sector, ensuring clarity and legal protection.