The Independent Contractor Agreement between an Owner/Operator Truck Driver and Common Carrier Company in Minnesota establishes a formal working relationship that outlines the responsibilities and liabilities of both parties. Key features include the Contractor’s agreement to transport goods using their own equipment and the Carrier’s commitment to provide necessary insurance coverage. The agreement specifies invoicing procedures, payment terms, and required documentation that the Contractor must submit for timely compensation. It also addresses liability issues related to cargo and defines the independent contractor status of the Contractor. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is crucial in understanding the rights and obligations in freight transportation agreements, ensuring compliance with federal laws. It serves as a protective measure for both parties by detailing insurance and liability commitments, and helps clarify the terms to prevent disputes. The document is particularly useful when negotiating terms and outlining payment structures for transportation services.