Conn. Gen. Stat. § 42-481

Current with legislation from the 2024 Regular and Special Sessions.

Section 42-481 - Definitions

As used in sections 42-481 to 42-484, inclusive:

(1) "Commission" means compensation that accrues to a sales representative, for payment by a principal, at a rate expressed as a percentage of the dollar amount of sales, orders or profits or any other method of compensation agreed to between a sales representative and principal including, but not limited to, fees for services and retainers;

(2) "Person" means an individual, corporation, limited liability company, partnership, unincorporated association, trust or estate;

(3) "Principal" means a person who:

(A) Manufactures, produces, imports, sells or distributes a product or service,

(B) establishes a business relationship with a sales representative to solicit orders for a product or service, and

(C) compensates a sales representative, in whole, or in part, by commission;

(4) "Sales representative" means a person who:

(A) Establishes a business relationship with a principal to solicit orders for products or services, and

(B) is compensated in whole, or in part, by commission. "Sales representative" does not include an employee or a person who places orders or purchases on the person's own account or for resale or a seller, as defined in subsection (c) of section 42-134a; and

(5) "Termination" means the end of the business relationship between a sales representative and a principal, whether by the principal or the sales representative, or by operation of the terms of a contract.

Conn. Gen. Stat. § 42-481

( P.A. 05-166, S. 1.)