The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company is structured to facilitate a professional relationship between truck drivers acting as independent contractors and the carrier companies they work for in Wake. This form highlights essential elements such as liability and cargo insurance requirements, payment structures, and documentation needed for invoicing and claims. For attorneys, this agreement provides a clear framework to draft and review contracts, ensuring compliance with federal and state regulations. Partners and owners can efficiently use this agreement to establish operational guidelines and responsibilities for contractors, minimizing potential disputes. Paralegals and legal assistants will find value in understanding the necessary documentation and timelines for submissions, aiding in contract enforcement and accountability. Key features of the form include an outline of insurance obligations, liability clauses, and the importance of maintaining a professional independent contractor status. Additionally, the form outlines restrictions on soliciting clients previously served by the carrier, which protects business interests. Overall, this Agreement serves as a foundational document to help both parties navigate their business relationship effectively.