The Owner Operator Contract with FedEx in Montgomery outlines the relationship between an independent contractor, referred to as the Contractor, and a common carrier, known as the Carrier. Key features include the Contractor's obligation to provide transportation services with their equipment, the requirement for both parties to maintain specific insurance coverage, and guidelines for invoicing and payment processes. The contract emphasizes the Contractor's liabilities, including maintaining a bill of lading and adhering to federal regulations for cargo claims. It also prohibits the Contractor from soliciting business from the Carrier's clients and addresses the conditions for contract termination and modification. This form is particularly useful for legal professionals such as attorneys, paralegals, and legal assistants, as it provides a comprehensive framework for ensuring compliance with transportation laws and protecting both parties' interests. Additionally, it aids partners and owners in understanding their obligations and rights within this independent contractor arrangement, facilitating effective negotiation and documentation of terms.