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Section 10-1-700 - Definitions — Georgia Law | CourtGPT
  1. Home/
  2. Laws/
  3. Georgia/
  4. Title 10 - Commerce and Trade/
  5. Chapter 1 - Selling and Other Trade Practices (§§ 10-1-1 — 10-1-945)/
  6. Article 24 - Wholesale Distribution by Out-of-state Principal/
  7. Section 10-1-700 - Definitions
Georgia Legal Code

Section 10-1-700 - Definitions

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As used in this article, the term:(1) 'Commission' means compensation accruing to a sales representative for payment by a principal, the rate of which is expressed as a percentage of the dollar amount of orders or sales or as a specified amount per order or per sale.(2) 'Principal' means a person who does business in this state and who: (A) Manufactures, produces, imports, or distributes a tangible product for wholesale;(B) Contracts with a sales representative to solicit orders for the product; and(C) Compensates the sales representative in whole or in part by commission.(3) 'Sales representative' means a person who contracts with a principal to solicit wholesale orders and who is compensated in whole or in part by a commission, but such term does not include one who places orders or purchases for his or her own account for resale.