Common use of Seventy Percent Rule Clause in Contracts

Seventy Percent Rule. In order to qualify for commission and overrides, each distributor must certify with the purchase of product that he/she has sold to retail customers and/or has consumed seventy percent (70%) of all products previously purchased. This is known in the industry as the “Seventy Percent Rule”.

Appears in 3 contracts

Samples: Policies and Procedures, Policies and Procedures, Policies and Procedures

AutoNDA by SimpleDocs

Seventy Percent Rule. In order to qualify for commission and overrides, each distributor must certify with the purchase of product that he/she has sold to retail customers and/or has consumed seventy percent (70%) of all products previously purchased. This is known in the industry as the “Seventy Percent Rule”.

Appears in 1 contract

Samples: Distributor Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!