The Independent Contractor Agreement between an Owner/Operator Truck Driver and a Common Carrier Company is designed to govern the relationship between truck drivers operating as independent contractors and carriers looking to transport goods. This agreement outlines essential terms including the provision of transportation services, insurance requirements, and payment procedures. Key features include the requirement for the contractor to maintain specific insurance coverages, the process for invoicing and receiving payments, and the responsibilities regarding cargo claims and delays. Attorneys, partners, and owners involved in the logistics and transportation industry would benefit from this form as it clearly delineates liabilities and obligations, ensuring compliance with federal regulations. Paralegals and legal assistants can utilize this document to assist in drafting and negotiating terms that protect their clients' interests. Filling out the form requires attention to detail, specifically in providing accurate information about the parties involved, insurance coverage, and shipment details. Overall, this agreement serves as a critical tool for those in the trucking industry in Wayne, facilitating clear communication and legal protection.