The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company or Organization outlines the responsibilities and agreements between the Contractor and Carrier, specifically focusing on owner operator lease programs in Minnesota. Key features include insurance requirements, payment processes, and liability stipulations. The form specifies that the Contractor must maintain certain minimum insurance coverage and outlines the required documentation for payments to be processed. It details how the Contractor will operate as an independent entity and addresses payment structures for freight transported. This agreement is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants looking to establish clear operational and legal frameworks within the trucking industry. It serves as a reference for negotiating terms between truck drivers and carrier companies, ensuring compliance with federal and state regulations. This document also provides guidelines for filling out and editing the sections relevant to specific agreements and cargo details, enhancing usability for legal professionals involved in drafting such contracts.