The Independent Contractor Agreement Between an Owner/Operator Truck Driver and Common Carrier Company or Organization is designed specifically for owner operators seeking contract jobs in Wayne. This agreement outlines the responsibilities of both the contractor and the carrier, emphasizing the need for the contractor to provide transportation services using their equipment. Key features include detailed insurance requirements, invoicing processes, and the documentation needed for payment within forty-five days. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it clarifies legal obligations and liabilities, ensuring compliance with federal regulations. Furthermore, it establishes the contractor's independent status and sets forth the procedures for handling cargo claims. Clear instructions on the execution of a bill of lading reinforce the importance of maintaining proper records. Professionals can utilize this agreement to streamline negotiations, ensure appropriate coverage, and protect their clients' interests in the logistic sector.