The Independent Contractor Agreement outlines the relationship between an owner/operator truck driver and a common carrier in Texas, specifically detailing owner operator lease programs. This document serves as a legal framework for transporting goods using the contractor's own equipment, highlighting the obligations of both parties. Key features include insurance requirements, documentation for payments, and liability clauses. It emphasizes the contractor's responsibility for various forms of insurance and the obligation to maintain communication with the carrier regarding delivery-related issues. Essential instructions for filling out the agreement include providing accurate information for both parties and ensuring all necessary documentation is submitted promptly. This form is relevant to attorneys, partners, owners, associates, paralegals, and legal assistants involved in transportation law and contractual agreements, ensuring regulatory compliance and safeguarding the interests of both the contractor and the carrier in Texas.