24-4-7-3. "Principal"

IN Code § 24-4-7-3 (2019) (N/A)
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Sec. 3. As used in this chapter, "principal" means a person who:

(1) manufactures, produces, imports, sells, or distributes a product for wholesale;

(2) contracts with a sales representative to solicit wholesale orders for the product; and

(3) compensates the sales representative, in whole or in part, by commission.

As added by P.L.238-1985, SEC.1.