The Owner operator lease agreement for trucking company in Wayne outlines the terms between a contractor and a carrier regarding transportation services. It stipulates the contractor's obligations to provide transportation and maintain insurance coverage, including liability and cargo insurance. Key features include detailed payment terms based on provided documentation, responsibilities concerning cargo claims, and provisions regarding liability and indemnification. The form emphasizes the independent contractor relationship, ensuring the contractor maintains control over their operations while permitting the carrier to act as an agent for financial transactions. Additionally, the agreement has clauses addressing operational delays, customer solicitation, and compliance with federal regulations. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants in the trucking industry to formalize relationships, clarify responsibilities, and ensure compliance with applicable laws. Clear instructions for filling and editing the form ensure that all necessary information is accurately captured, facilitating its use for both parties involved in trucking logistics.