The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company in Michigan serves as a formal contract outlining the responsibilities and expectations between a contractor and a carrier. This form is vital for establishing the independent contractor relationship, detailing the transportation of goods using the contractor's own equipment. It specifies insurance requirements, including truck liability and cargo insurance, ensuring that both parties are adequately protected. The document also includes instructions for invoicing and provides essential terms regarding liability and documentation needed for payment processing. Notably, the agreement defines the duration of the contract, conditions for renegotiation, and details about freight charges. It is particularly useful for attorneys, partners, and owners in the trucking industry who need to navigate legal obligations and maintain compliance with federal and state regulations. Additionally, paralegals and legal assistants can benefit from having a well-structured template to facilitate streamlined operations and communication between contractors and carriers, ensuring clarity in responsibilities and a smoother transaction process.