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