The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company is a critical legal document for establishing a business relationship between a truck driver and a carrier in Philadelphia. This agreement details the responsibilities of the contractor, including the transport of goods using their own equipment, and outlines the insurance requirements for both parties. Key features include payment terms to the contractor within 45 days upon receipt of proper documentation, liability clauses for damage during transportation, and stipulated insurance coverage requirements. The form is particularly useful for attorneys and legal professionals involved in transportation law, as well as owners and operators seeking to formalize their contracts. Paralegals and legal assistants can assist in filling out the form accurately, ensuring compliance with federal regulations. Specific use cases include independent contractors negotiating their rates and ensuring adequate liability coverage for shipments. The agreement also sets forth the independent contractor relationship, preventing the driver from soliciting the carrier's clients, making it essential for legal compliance and business ethics.