The Trucking Owner Operator Contract Sample for Owner in Phoenix serves as a formal agreement between an owner/operator truck driver and a common carrier company. Key features of this agreement include the contractor's obligation to provide transportation services with their own equipment, liability and cargo insurance requirements, payment procedures, and documentation stipulations. The form outlines conditions for settlement of cargo claims based on federal regulations and specifies the independent contractor relationship between the parties. It establishes the contractor's responsibilities regarding driver qualifications, insurance coverage, and notification of delays or accidents. This form is suitable for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the trucking industry, ensuring compliance with legal standards and protecting the interests of both parties. Additionally, it provides clarity on financial arrangements and requirements leading to a straightforward business relationship. Understanding the key components will facilitate effective use and help prevent disputes in owner-operator agreements.