Okla. Stat. tit. 15, § 15-676
This is the official text of Okla. Stat. tit. 15, § 15-676, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
As used in the Sales Representatives Recognition Act:
1. "Commission" means compensation accruing to a person for
payment by another person, the rate of which is expressed as a
percentage of the dollar amount of orders, sales or profits;
2. "Principal" means any person who does not have a permanent
or fixed place of business in this state and who does all of the
following:
a. Engages in the business of manufacturing, producing,
importing or distributing one or more products for
sale to customers who purchase products for resale,
b. Utilizes one or more sales representatives to solicit
wholesale orders for those products, and
c. Compensates the sales representatives in whole or in
part by commission; and
3. "Sales representative" means a person who contracts with a
principal to solicit wholesale orders for a product within this
state and who is compensated, in whole or in part, by commission.
"Sales representative" does not include a person who places orders
for or purchases the product for his own account for resale, a
Oklahoma Statutes - Title 15. Contracts Page 125
person who is an employee of a principal, or a person who sells the
product to the ultimate consumer.
1. "Commission" means compensation accruing to a person for
payment by another person, the rate of which is expressed as a
percentage of the dollar amount of orders, sales or profits;
2. "Principal" means any person who does not have a permanent
or fixed place of business in this state and who does all of the
following:
a. Engages in the business of manufacturing, producing,
importing or distributing one or more products for
sale to customers who purchase products for resale,
b. Utilizes one or more sales representatives to solicit
wholesale orders for those products, and
c. Compensates the sales representatives in whole or in
part by commission; and
3. "Sales representative" means a person who contracts with a
principal to solicit wholesale orders for a product within this
state and who is compensated, in whole or in part, by commission.
"Sales representative" does not include a person who places orders
for or purchases the product for his own account for resale, a
Oklahoma Statutes - Title 15. Contracts Page 125
person who is an employee of a principal, or a person who sells the
product to the ultimate consumer.
Status: in_force · Read it on the official government site
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