Unquestionably, the best place to find an owner operator lease agreement is through an online discussion board that specialises in the trucking industry. Through looking at this thread on the Expediters Online forum, you will be able to download a simple template of an owner operator lease agreement for you to use. All you need to do is replace the blank spaces situated throughout the document with your personal details. The link can be found here: www.expeditersonline.com/forum/general-expediter-forum/19073
There will be scenarios where you’ll have to insert brand-new clauses into the owner operator lease agreement you were planning to use. If you are relatively new to the trucking industry and you are working independently, this is the point where you may need to seek legal advice. Such an example could be if the risk assessors within your client’s business believe that the insurance you have to act as a courier for their goods is inadequate. In most cases, this will mean they are concerned about their ability to receive a reimbursement in the event of an accident that results in loss or damage to their goods. To ensure that you are not left out of pocket financially, you should do a thorough evaluation of what they are asking you to do, and don’t be afraid to make negotiations in order to rattle out a deal.
Finally, you need to evaluate the terms of payment, such as whether or not an escrow will be used during the project. You need to determine the grounds upon which a contract can be terminated too, as you don’t want to be unfairly dismissed by your client due to a loophole in the agreement which both parties signed.
There will be scenarios where you’ll have to insert brand-new clauses into the owner operator lease agreement you were planning to use. If you are relatively new to the trucking industry and you are working independently, this is the point where you may need to seek legal advice. Such an example could be if the risk assessors within your client’s business believe that the insurance you have to act as a courier for their goods is inadequate. In most cases, this will mean they are concerned about their ability to receive a reimbursement in the event of an accident that results in loss or damage to their goods. To ensure that you are not left out of pocket financially, you should do a thorough evaluation of what they are asking you to do, and don’t be afraid to make negotiations in order to rattle out a deal.
Finally, you need to evaluate the terms of payment, such as whether or not an escrow will be used during the project. You need to determine the grounds upon which a contract can be terminated too, as you don’t want to be unfairly dismissed by your client due to a loophole in the agreement which both parties signed.
