The Independent Contractor Agreement provides a framework for owner operator lease programs in Kings, establishing the relationship between a contractor (truck driver) and a carrier (transportation company). It outlines responsibilities for transportation services, including pick-up and delivery of goods, and mandates appropriate insurance coverage, such as truck liability and cargo insurance. The agreement specifies that the carrier will handle invoicing while ensuring the contractor is paid upon submission of necessary documentation within a defined period. Key features include clauses on liability, insurance requirements, and the process for handling cargo claims. The form also details the exclusive operation of the contractor under the agreement, emphasizing their independent contractor status. It is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in transport law, as it clarifies the rights and obligations of each party, reduces liability risks, and fosters clear communication regarding services rendered. This agreement is particularly useful for ensuring compliance with federal laws and regulations in the transport industry and aids in preventing disputes related to service operations.