The Owner operator contract with carrier lease agreement in King serves as a formal agreement between a truck driver acting as a contractor and a common carrier company. This contract outlines the responsibilities of both parties, including transportation of goods, liability insurance requirements, and payment processes. Key features include the contractor's obligation to maintain necessary insurance, the provision of shipping documents within specified timeframes, and the relationship dynamics established as independent contractors. Filling instructions emphasize the need for accurate and timely submission of documentation required for payments. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the logistics and transportation sector, providing a legal framework for operational processes and minimizing liabilities. It also sets forth penalties for breach of contract, ensuring compliance from both parties. Additionally, the agreement outlines conditions under which disputes may be resolved and emphasizes the legal protections available to both the contractor and the carrier.