Indiana Statutes
§ 24-4-7-5 — Termination of contract; payment of commissions accrued; failure to comply; attorney's fees and costs
Indiana § 24-4-7-5
This text of Indiana § 24-4-7-5 (Termination of contract; payment of commissions accrued; failure to comply; attorney's fees and costs) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 24-4-7-5 (2026).
Text
(a)If a contract between a sales representative
and a principal is terminated, the principal shall, within fourteen (14)
days after payment would have been due under the contract if the
contract had not been terminated, pay to the sales representative all
commissions accrued under the contract.
(b)A principal who in bad faith fails to comply with subsection (a)
shall be liable, in a civil action brought by the sales representative, for
exemplary damages in an amount no more than three (3) times the sum
of the commissions owed to the sales representative.
(c)In a civil action under subsection (b), a principal against whom
exemplary damages are awarded shall pay the sales representative's
reasonable attorney's fees and court costs. However, if judgment is
entered for the principal and the
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Related
Ralph Andrews v. MOR/Ryde International, Inc.
2 N.E.3d 794 (Indiana Court of Appeals, 2014)
Legislative History
As added by P.L.238-1985, SEC.1.
Nearby Sections
15
§ 24-1-1-3
Offense§ 24-1-1-4
Persons affected by chapter; exception§ 24-1-1-5
Civil suit for damages§ 24-1-1-6
Special grand jury instructions§ 24-1-2-10
Person; definition§ 24-1-2-2
Monopoly; offenseCite This Page — Counsel Stack
Bluebook (online)
Indiana § 24-4-7-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/24-4-7-5.