Title XXVI TRADE AND COMMERCE Chapter 407 • Effective - 28 Aug 2005 407.911. Definitions. — As used in sections 407.911 to 407.915, the following terms mean: (1) 'Commission', 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', a person, firm, corporation, partnership or other business entity, whether or not it has a permanent or fixed place of business in this state, and who: (a) Manufactures, produces, imports, provides, or distributes a product or service for sale; (b) Contracts with a sales representative to solicit orders for the product or service; and (c) Compensates the sales representative, in whole or in part, by commission; (3) 'Sales representative', a person, firm, corporation, partnership, or other business entity who contracts with a principal to solicit orders and who is compensated, in whole or in part, by commission, but shall not include a person, firm, corporation, partnership, or other business entity who places orders or purchases for its own account for resale. -------- (L. whole or in part, by commission, but shall not include a person, firm, corporation, partnership, or other business entity who places orders or purchases for its own account for resale. -------- (L. 1989 S.B. 192 § 1 subsec. 1, A.L. 2005 S.B. 211)
Missouri Legal Code