Contracts For Owner Operators Formula In Travis
State:
Multi-State
County:
Travis
Control #:
US-00434BG
Format:
Word;
Rich Text
Instant download
Description
The document is an Independent Contractor Agreement between an owner/operator truck driver and a common carrier company. It establishes the terms under which the contractor provides transportation services using their own equipment while detailing obligations for both parties. Key features include insurance requirements, liability provisions, and documentation needed for payment processes. The contractor must maintain minimal coverage of $750,000 for liability, with conditions for additional coverage based on cargo type. The agreement specifies invoicing procedures and payment timelines, emphasizing the independent nature of the contractor's business relationship with the carrier. It also contains clauses for confidentiality and non-solicitation of clients to protect the carrier's business interests. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the trucking industry, as it provides a structured approach to establishing clear legal obligations, protecting the interests of both the carrier and the contractor, and ensuring compliance with federal regulations.
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