The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company is designed for use by individuals and organizations in the transportation industry requiring clear contractual terms. This form establishes the relationship between the contractor and the carrier, detailing their responsibilities, insurance requirements, and payment procedures. Key features include specifications for transportation services, liability coverage, invoicing timelines, and documentation requirements necessary for compliance. It instructs both parties on maintaining insurance policies and the implications of delays or claims. The document serves various use cases, such as establishing clear terms between truck drivers and carriers, ensuring legal protection, and outlining payment structures in transportation contracts. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form beneficial for drafting legally sound agreements, facilitating negotiations, and ensuring compliance with federal regulations in Phoenix. The form encourages a professional approach to contractor relations while also addressing operational concerns and potential liabilities.