The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company outlines the relationship between an independent contractor and a carrier in the transportation industry. This contract requires the contractor to provide transportation services for the carrier's shipments, ensuring proper documentation and insurance coverage. Key features include the stipulation of insurance requirements—both for the contractor and the carrier—as well as the processes for invoicing and payment, with a timeline for payment following the submission of necessary documents. The agreement emphasizes the independent nature of the contractor and specifies liability for damages or loss during transportation, adhering to federal regulations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured framework to negotiate terms, establish responsibilities, and mitigate risks associated with freight transport. By offering clarity on relationships, responsibilities, and payments, it serves as an essential tool in the operational management of transportation contracts.