The Owner Operator Lease in Queens serves as a contractual agreement between an owner/operator truck driver and a common carrier company. This form outlines the responsibilities of both parties, including the provision of transportation services by the contractor using their own equipment. Key features include insurance requirements with specified coverage limits, documentation needed for payment processing, and stipulations regarding cargo liability. Additionally, the lease emphasizes the independent contractor status of the parties while detailing fees and commissions related to freight services. It also outlines procedures for handling delays or accidents during transport. The form is designed for use by attorneys, partners, owners, associates, paralegals, and legal assistants, providing a clear framework for compliance with federal and state regulations. Users will find it beneficial for establishing clear expectations in business operations and safeguarding their legal interests in the logistics sector.