The Sample Lease Agreement for Owner Operator Trucking in Phoenix serves as a vital document that outlines the relationship between a truck driver (Contractor) and a common carrier company (Carrier). It details the responsibilities of each party, including transportation obligations, insurance coverage requirements, and invoicing procedures. Key features include specifications for liability insurance limits, the necessity for accurate documentation submission, and the terms of payment following service completion. Filling out the form requires users to provide specific details, such as names and addresses of the Contractor and Carrier, as well as agreed-upon rates for services. The form is beneficial for various legal professionals—including attorneys, paralegals, and associates—by simplifying the complexities involved in trucking contracts and ensuring compliance with relevant laws. Additionally, it supports owners and partners in clarifying roles and responsibilities, minimizing risks associated with cargo claims, and securing appropriate insurance coverage. Legal assistants will find it essential for drafting and managing agreements, thus facilitating smoother operations within the logistics and transportation sector.