The Independent Contractor Agreement formed between an owner/operator truck driver and a common carrier company outlines the responsibilities and obligations of each party involved in the transportation of goods. Key features include the provision of insurance coverage by the carrier, payment terms for services rendered by the contractor, and requirements for proper documentation for freight charges. The form serves to establish the independent nature of the contractor's operations while specifying liability limits and indemnification clauses. It includes instructions for communication in case of delays and detailed descriptions of how charges are determined based on shipments. This agreement is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework to navigate legal responsibilities, minimize risks, and ensure compliance in business operations within the trucking industry. Lastly, the document emphasizes the importance of maintaining standard operational practices and adherence to federal regulations, making it a vital resource for those involved in owner-operator agreements in Tarrant.