                                 CODE OF VIRGINIA

DEFINITIONS (§ 59.1-455)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Commission&#8221; means compensation accruing to a sales representative
for payment by a principal, the rate of which is expressed as a percentage of
the total dollar amount of orders or sales or as a specified amount per order or
per sale.
		&#8220;Principal&#8221; means a person who manufactures, produces, imports or
distributes a product for wholesale and who contracts with a sales
representative to solicit orders or sales for such product and compensates the
sales representative, in whole or in part, by commission.
		&#8220;Sales representative&#8221; means a person other than an employee who
contracts with a principal to solicit wholesale orders or sales and who is
compensated, in whole or in part, by commission, but shall not include a person
who purchases exclusively for his own account for resale.

HISTORY: 1993, c. 736.