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BROKER MOTOR CARRIER AGREEMENT This Agreement is entered into this day of, 20, (Effective date) by and between Exact Express, Incorporated (BROKER), a Registered Property Broker, LIC. No. MC200412
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How to fill out broker motor carrier agreement

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How to fill out broker motor carrier agreement:

01
Obtain a copy of the broker motor carrier agreement form from a reputable source, such as the Federal Motor Carrier Safety Administration (FMCSA) website.
02
Carefully read through the entire agreement to familiarize yourself with its terms and conditions.
03
Fill in the details of the broker, including their legal name, contact information, and MC number.
04
Provide the necessary information regarding the motor carrier, such as their legal name, contact information, and MC number.
05
Indicate the effective date of the agreement and specify its duration, whether it is for a fixed period of time or ongoing until terminated.
06
Include provisions for governing law, jurisdiction, and venue, outlining which state's laws will apply in case of disputes.
07
Specify the compensation terms, including the agreed-upon rates, payment terms, and any additional fees or charges.
08
Outline the responsibilities and obligations of both the broker and the motor carrier, including insurance requirements, liability, and claims handling.
09
Include provisions for termination, addressing the circumstances under which either party can terminate the agreement and the notice period required.
10
Sign and date the agreement, ensuring that both parties involved in the contract sign it.
11
Keep a copy of the filled-out broker motor carrier agreement for your records.

Who needs broker motor carrier agreement?

01
Freight brokers: Freight brokers who arrange transportation services between shippers and carriers need a broker motor carrier agreement to establish a legal relationship with the motor carriers they work with.
02
Motor carriers: Motor carriers who provide transportation services for freight brokers also need a broker motor carrier agreement to outline the terms and conditions of the service they are providing.
03
Shippers: Although shippers may not directly need a broker motor carrier agreement, they benefit from it indirectly as it helps ensure that the transportation services they require are carried out legally and efficiently.
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A broker motor carrier agreement is a contract between a broker and a motor carrier outlining the terms and conditions of their business relationship.
Both the broker and the motor carrier are required to file the broker motor carrier agreement.
To fill out a broker motor carrier agreement, both parties must provide information about their businesses, including contact details, insurance coverage, and payment terms.
The purpose of a broker motor carrier agreement is to establish the responsibilities and obligations of the broker and the motor carrier when transporting goods.
The broker motor carrier agreement must include details such as the names and addresses of the parties, insurance coverage, payment terms, and services to be provided.
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