Sales Representatives Agency Law

Summary

Sales Representatives Agency Law - Sets forth terms which shall govern the contracting between principals and sales representatives. Enumerates the obligations of both principals and sales representatives. States that any sales representatives who has entered into a contract with a principal may: (1) require an accounting as to sales transactions occuring in the assigned territory of the sales representative; (2) require information from the principal relating to all matters essential to any claim for a commission; and (3) have access to the records of the principal for purposes of verification of any information supplied. Sets forth conditions relating to the payment of commissions. Provides for forms of payment of post-termination compensation following contract termination. Prohibits the waiver of the rights granted by this Act.

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1 official file

• Introduced in House

  summary · EN · 22 May 1975

  Open at official source

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