Indiana Code 24-4-7-4. “Sales representative”
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Sec. 4. As used in this chapter, “sales representative” means a person who:
(2) is compensated, in whole or in part, by commission.
(1) contracts with a principal to solicit wholesale orders in Indiana; and
Terms Used In Indiana Code 24-4-7-4
- commission: means compensation that accrues to a sales representative, for payment by a principal, at a rate expressed as a percentage of the dollar amount of orders taken or sales made by the sales representative. See Indiana Code 24-4-7-1
- person: means an individual, corporation, limited liability company, partnership, unincorporated association, estate, or trust. See Indiana Code 24-4-7-2
- principal: means a person who:
Indiana Code 24-4-7-3
The term does not include a person who places orders or purchases on the person’s own account for resale.
As added by P.L.238-1985, SEC.1.