Terms Used In Texas Business and Commerce Code 54.004

  • Contract: A legal written agreement that becomes binding when signed.

A principal who fails to comply with a provision of a contract under Section 54.002 relating to payment of a commission or who fails to pay a commission as required by Section 54.003 is liable to the sales representative in a civil action for:
(1) three times the unpaid commission due the sales representative; and
(2) reasonable attorney’s fees and costs.