Illinois Compiled Statutes 820 ILCS 120/2 – All commissions due at the time of termination of a contract between …
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Terms Used In Illinois Compiled Statutes 820 ILCS 120/2
- Contract: A legal written agreement that becomes binding when signed.
All commissions due at the time of termination of a contract between a sales representative and principal shall be paid within 13 days of termination, and commissions that become due after termination shall be paid within 13 days of the date on which such commissions become due. Any provision in any contract between a sales representative and principal purporting to waive any of the provisions of this Act shall be void.