The Independent Contractor Agreement between an Owner/Operator Truck Driver and Common Carrier Company is essential for owner operators needed in Wake, outlining the partnership between the contractor and the carrier. This form specifies the responsibilities of the contractor, including transportation of goods using their own equipment and the necessary insurance requirements. It details how payments will be processed, requiring proper documentation from the contractor before payment is made within forty-five days. Use cases for this form include establishing a clear liability structure for cargo damage and ensuring compliance with federal regulations governing transportation services. The agreement also requires the contractor to maintain specific insurance coverage and indemnify the carrier against liabilities. Both parties are bound by specific terms concerning solicitation of clients and handling of delays. This document serves as a foundational tool for attorneys, partners, owners, associates, paralegals, and legal assistants in managing legal obligations and operational risks within the trucking industry.