RS 51:441
158 words·~1 min read·
/la/title-51/51-647A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 51:441
SUBPART F. SALES REPRESENTATIVES
§441. Definitions
(1)"Commission" means compensation paid a sales representative by a principal in an amount based on a percentage of the dollar amount of certain orders for or sales of the principal's product.
(2)"Principal" means a person who:
(a)Repealed by Acts 1995, No. 487, §2.
(b)Manufactures, produces, imports, or distributes a product for sale to customers who purchase the product for resale;
(c)Uses a sales representative to solicit orders for the product; and
(d)Compensates the sales representative in whole or in part by commission.
(3)"Sales representative" means a person who solicits, on behalf of a principal, orders for the purchase at wholesale of the principal's product.
(4)"Termination" means the end of services performed by a sales representative for a principal whether by discharge, resignation, or expiration of a contract.
Acts 1988, No. 774, §1, eff. July 18, 1988; Acts 1995, No. 487, §§1, 2.