Common Contracts
1 similar Sales Representative Commission Payment Act contracts
ContractSales Representative Commission Payment Act • May 5th, 2020
Sales Representative Commission Payment Act General Provisions Enacted by Chapter 65, 2007 General Session 2007 Title. This chapter is known as the "Sales Representative Commission Payment Act." Amended by Chapter 438, 2019 General Session 2019 Definitions. As used in this chapter: "Business relationship" means an agreement that governs the relationship of principal and sales representative. "Commission" means: compensation: that accrues to a sales representative; for payment by a principal; and at a rate expressed as a percentage of the dollar amount of sales, orders, or profits; or any other method of compensation agreed to between a sales representative and a principal including: fees for services; and a retainer. "Direct sales company" means a person that: sells, distributes, or supplies for consideration a good or service through participants: at different levels of distribution; or in accordance with a formula for compensating participants in whole or in part based on: the sale o
