The Owner Operator Lease Programs in King facilitate agreements between owner/operator truck drivers and common carrier companies, focusing on mutual benefits and legal obligations. This form outlines the responsibilities of both parties, including transport services, insurance coverage requirements, invoicing processes, and liability stipulations. Key features emphasize the contractor's liability for cargo, insurance specifications, and payment timelines. The document is highly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with transportation contracts, ensuring compliance with federal regulations. Users must complete the form by filling in party details, insurance information, and agreed rates. The form also aids in managing insurance policies and liability claims while establishing a clear contractor status. It is crucial for professionals who need to draft, review, or negotiate independent contractor agreements efficiently.