The Owner operator lease agreement template for trucking company in Phoenix is designed to formalize the relationship between a contractor and a carrier, outlining their respective responsibilities and liabilities in transporting goods. Key features include provisions for insurance coverage, invoicing processes, liability and indemnity clauses, and requirements for documentation such as bills of lading and proof of delivery. Filling out the form involves entering details like the parties' names, addresses, and specific insurance requirements, while editing should focus on customizing the addendum labeled 'Schedule A' for each shipment's details. This template is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the trucking industry, ensuring compliance with federal regulations and protecting the interests of both parties. It serves as a legal foundation for independent contractor relationships, minimizing disputes and promoting clear communication in the transport of goods.