The Independent Contractor Agreement establishes the terms of cooperation between an owner/operator truck driver and a common carrier company in Minnesota. It outlines responsibilities for transporting shipments using the contractor's own equipment while ensuring insurance coverage is in place. Key provisions include detailed requirements for documentation, liability stipulations, and the definition of the contractor's independent status versus the carrier's agency role. This form benefits attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for managing relationships in the trucking industry. It assists in adhering to regulatory standards and confirms obligations for cargo insurance, payments, and claims handling. Fillable sections ensure that both parties can customize information, including payment terms and insurance details. Users are guided through adherence to federal and state laws while mitigating risks associated with transportation contracts.