Owner Operator Agreement Template For Trucking Company In Texas
State:
Multi-State
Control #:
US-00434BG
Format:
Word;
Rich Text
Instant download
Description
The Owner operator agreement template for trucking company in Texas serves as a crucial contract between an independent contractor truck driver and a common carrier company. It outlines the responsibilities of both parties regarding transportation services, insurance requirements, documentation, and liabilities. This template ensures that the contractor provides necessary insurance coverage of at least $1,000,000 for liability and $250,000 for cargo. Additionally, it details the invoicing process, stipulating that contractors must furnish specific documents within 48 hours of delivery for timely payment. The agreement emphasizes the independent contractor relationship, while also establishing compensation terms including rates and commissions for soliciting customers. It highlights the importance of legislations and ensures compliance with federal regulations regarding cargo claims. This template is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the trucking industry, offering a clear legal framework that safeguards both parties' interests while facilitating operational efficiency.
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