The Independent Contractor Agreement for Owner operator contract jobs in New York outlines a formal arrangement between a Contractor, who operates their own truck, and a Carrier, a company that requires transportation services. Key features include the Contractor's responsibilities to provide transportation for goods and maintain required insurance coverage, such as truck liability and cargo insurance. The form details documentation necessary for payment, including bills of lading and proof of delivery. It also specifies the payment timeline and conditions under which invoices will be processed. The Contractor must operate as an independent agent and is liable for losses or damages under federal regulations. This agreement is essential for attorneys, partners, and associates managing contracts, as it governs all aspects of the partnership in transportation services. For paralegals and legal assistants, understanding the insurance and liability requirements is crucial. This contract serves as a reliable template for those involved in the logistics and transportation industry in New York, ensuring compliance with state and federal regulations while mitigating risks associated with freight transport.