The Independent Contractor Agreement for Owner Operator Lease Programs in Los Angeles outlines essential terms between a contractor (truck driver) and a carrier (common carrier company). Key features include transportation duties, insurance requirements, invoicing procedures, and liability clauses. The contractor must maintain specific insurance coverage and provide necessary documentation for timely payments. The contract emphasizes the independent status of the contractor while detailing obligations for both parties in the transport of goods. Filling out the form requires clear details regarding rates, schedules, and operational responsibilities, which should be documented in an addendum. Use cases include formalizing agreements for transportation services, ensuring compliance with federal regulations, and protecting both parties from liability claims. This agreement serves as a valuable resource for attorneys, paralegals, and legal assistants involved in drafting, reviewing, or managing contracts within the trucking industry, helping to establish transparent and enforceable legal relationships.