407.911. Definitions.
Definitions.
407.911. As used in sections 407.911 to 407.915, the following termsmean:
(1) "Commission", compensation accruing to a sales representative forpayment by a principal, the rate of which is expressed as a percentage ofthe dollar amount of orders or sales, or as a specified amount per order orper sale;
(2) "Principal", a person, firm, corporation, partnership or otherbusiness entity, whether or not it has a permanent or fixed place ofbusiness in this state, and who:
(a) Manufactures, produces, imports, provides, or distributes aproduct or service for sale;
(b) Contracts with a sales representative to solicit orders for theproduct or service; and
(c) Compensates the sales representative, in whole or in part, bycommission;
(3) "Sales representative", a person, firm, corporation, partnership,or other business entity who contracts with a principal to solicit ordersand who is compensated, in whole or in part, by commission, but shall notinclude a person, firm, corporation, partnership, or other business entitywho places orders or purchases for its own account for resale.
(L. 1989 S.B. 192 § 1 subsec. 1, A.L. 2005 S.B. 211)