The Owner Operator Contract with FedEx in Wake outlines the working relationship between an independent contractor (the Contractor) and a common carrier (the Carrier). It details the obligations of both parties, including the Contractor's agreement to transport goods using their own equipment and the Carrier's commitment to provide insurance coverage and timely payments. Key features of the contract include specified insurance requirements, liability for goods transported, invoicing guidelines, and the prohibition of soliciting customers from the Carrier. Filling and editing instructions highlight the need to personalize fields such as names, addresses, and specific terms negotiated. This form can be used effectively by attorneys, partners, owners, associates, paralegals, and legal assistants to ensure compliance with federal regulations, manage risk, and formalize agreements in the transport sector. It facilitates clarity in contractor roles and responsibilities while protecting both parties' interests.