The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company outlines the relationship and responsibilities between the contractor and the carrier in transporting goods. This agreement ensures that the contractor is compensated adequately while adhering to federal regulations for liability and insurance coverage, including specific amounts for cargo insurance. The contractor is charged with providing comprehensive documentation for freight charges and maintaining necessary insurance policies. It also emphasizes the importance of timely communication regarding any delays or issues during transportation. Key utility for attorneys, partners, owners, associates, paralegals, and legal assistants includes legal clarity on contractual obligations, protection of liabilities, and streamlined processes for freight management and documentation compliance. This form is crucial for ensuring legal accountability while facilitating business logistics in transportation. Overall, this agreement serves as an essential tool for managing the legal relationships between independent contractors and carriers within the trucking industry.