Indiana Code 24-4-7-1. “Commission”
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Terms Used In Indiana Code 24-4-7-1
- principal: means a person who:
Indiana Code 24-4-7-3
- sales representative: means a person who:
Indiana Code 24-4-7-4
Sec. 1. As used in this chapter, “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.
As added by P.L.238-1985, SEC.1.