The Independent Contractor Agreement between an Owner/Operator Truck Driver and Common Carrier Company is essential for owner operators needed in Texas. This legally binding document outlines the responsibilities and obligations of both the owner/operator (Contractor) and the common carrier (Carrier), ensuring clarity in the transportation of goods. Key features include the requirement for substantial liability insurance coverage, specified documentation for payment processing, and clear invoicing procedures. Users should fill in specific details such as names, addresses, and insurance amounts, ensuring compliance with legal standards. This agreement also emphasizes the independent contractor relationship, protecting both parties from liability caused by the other's actions. The target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, can utilize this form to formalize transportation service agreements, manage liabilities, and ensure adherence to federal regulations. The standardized structure promotes easier understanding and compliance, making it an invaluable resource for legal professionals working within the trucking and transportation sectors.