§ 24-4-7-7 — Commission; revocable offer; entitlement

Indiana § 24-4-7-7

• Jurisdiction: Indiana
• Art. 4: REGULATED BUSINESSES
• Ch. 7: Contracts With Wholesale Sales Representatives

Text

(a) If a principal makes a revocable offer of a
commission to a sales representative who is not an employee of the
principal, the sales representative is entitled to the commission agreed
upon if:
(1) the principal revokes the offer of commission and the sales
representative establishes that the revocation was for a purpose of
avoiding payment of the commission;
(2) the revocation occurs after the sales representative has
obtained a written order for the principal's product because of the
efforts of the sales representative; and
(3) the principal's product that is the subject of the order is
shipped to and paid for by a customer.
(b) This section may not be construed:
(1) to impair the application of IC 32-21-1 (statute of frauds);
(2) to abrogate any rule of agency law; or
(3) to unconstitutionally impair the obligations of contracts.

Legislative History

As added by P.L.138-1990, SEC.1. Amended by P.L.1-1993, SEC.193; P.L.2-2002, SEC.76.