As used in sections 407.911 to 407.915 , the following terms mean: (1) "Commission" , compensation accruing to a sales representative for payment by a principal, the rate of which is expressed as a percentage of the dollar amount of orders or sales, or as a specified amount per order or per sale; (2) "Principal" , a person, firm, corporation, partnership or other business entity, whether or not it has a permanent or fixed place of business in this state, and who: (a) Manufactures, produces, imports, provides, or distributes a product or service for sale; (b) Contracts with a sales representative to solicit orders for the product or service; and (c) Compensates the sales representative, in whole or in part, by commission; (3) "Sales representative" , a person, firm, corporation, partnership, or other business entity who contracts with a principal to solicit orders and who is compensated, in whole or in part, by commission, but shall not include a person, firm, corporation, partnership, or other business entity who places orders or purchases for its own account for resale.
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