The Independent Contractor Agreement between an Owner/Operator Truck Driver and Common Carrier Company specifies the relationship between the Contractor and the Carrier, detailing the transportation of goods using the Contractor's equipment. Key features include the obligation of the Carrier to provide insurance, payment terms, and documentation requirements for the Contractor. The Contractor must maintain specific insurance coverages and agree to various liabilities concerning freight transport. This document is essential for establishing clear terms of engagement, insurance obligations, and the responsibilities of both parties. It's designed for use by an audience including attorneys, partners, owners, associates, paralegals, and legal assistants, helping them understand regulatory compliance in the transportation sector. Filling instructions advise users to clearly document all agreements and liabilities, while editing guidelines emphasize clarity and avoiding jargon. Specific use cases include facilitating the legal relationship between independent contractors and carriers, ensuring compliance with federal laws, and providing a framework for dispute resolution. This form is particularly relevant for individuals operating as owner-operators with FedEx in Oakland, ensuring they meet regional regulations while securing necessary protections.