Definitions

  1. Law
  2. Georgia Code
  3. Commerce and Trade
  4. Selling and Other Trade Practices
  5. Wholesale Distribution by Out-of-State Principal
  6. 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:
    1. Manufactures, produces, imports, or distributes a tangible product for wholesale;
    2. Contracts with a sales representative to solicit orders for the product; and
    3. 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.

(Code 1981, §10-1-700, enacted by Ga. L. 1986, p. 884, § 1; Ga. L. 1993, p. 1092, § 1.)


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