Q:

Where can one find an owner-operator lease agreement?

A:

Quick Answer

An owner-operator lease agreement for a truck driver can be found on the Ooida website. It breaks down every section, clearly and concisely into five parts. Each part is labeled from letters A to E.

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Full Answer

The first part of the Agreement explains the terms used in the definitions section and includes terms, such as:

  • Owner
  • Lease
  • Lessor
  • Shipper
  • Detention
  • Escrow fund

The second and third parts highlight leasing regulations and includes information in regards to how the vehicle will be paid.

Part D focuses on lending equipment to other companies and the rules that follow, while the last part is used to as a notice that authorized carriers have the option to lease vehicles from private carriers.

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