Texas Business and Commerce Code 54.001 – Definitions
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Terms Used In Texas Business and Commerce Code 54.001
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
In this chapter:
(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) manufactures, produces, imports, or distributes a product for sale;
(B) uses a sales representative to solicit orders for the product; and
(C) compensates the sales representative wholly or partly by commission.
(3) “Sales representative” means an independent contractor who solicits, on behalf of a principal, orders for the purchase at wholesale of the principal’s product.