Owner Operator Lease Agreement Form With A Carrier In Michigan
State:
Multi-State
Control #:
US-00434BG
Format:
Word;
Rich Text
Instant download
Description
The Owner Operator Lease Agreement Form with a carrier in Michigan establishes a contractual relationship between a truck driver (Contractor) and a carrier company, outlining the terms and responsibilities for transportation services. Key features include the requirement for the Contractor to maintain specified insurance coverage and provide essential documentation for payments, such as bills of lading and proof of delivery. The Contractor is responsible for their drivers and must comply with federal regulations for cargo insurance. This form is designed to ensure clarity in the financial transactions and liability management between the parties. It protects both parties by detailing the responsibilities during transportation, the liabilities arising from freight claims, and the procedure for dealing with delays or accidents. The agreement is valid until canceled with a written notice and includes an independent contractor clause, which clarifies the nature of the working relationship. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for transportation agreements and helps safeguard the interests of all parties involved.
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