Mo. Rev. Stat. § 407.911
Definitions
Missouri · Revised Statutes of Missouri Chapter 407 — Merchandising Practices · Status: effective · Effective 2005-08-28
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- Citation
- Mo. Rev. Stat. § 407.911, Definitions, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815694
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Full text
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.