Illinois Compiled Statutes 820 ILCS 120 — Sales Representative Act.

Short title

Short title. This Act may be cited as the Sales Representative Act. (Source: P.A. 86-1324.)

As used in this Act: (1) "Commission" means 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 percentage of the dollar amount of profits. (2) When a commission becomes due shall be determined in the…

All commissions due at the time of termination of a contract between a sales representative and principal shall be paid within 13 days of termination, and commissions that become due after termination shall be paid within 13 days of the date on which such commissions become due. Any provision in any contract between a…

A principal who fails to comply with the provisions of Section 2 concerning timely payment or with any contractual provision concerning timely payment of commissions due upon the termination of the contract with the sales representative, shall be liable in a civil action for exemplary damages in an amount which does no…