Oklahoma § 15-676 - Definitions
Full text of Oklahoma Oklahoma Statutes § 15-676 — Definitions, with citation guidance and answers to common questions.
§ 15-676. Definitions
As used in the Sales Representatives Recognition Act:
1. "Commission" means compensation accruing to a person for
payment by another person, the rate of which is expressed as a
percentage of the dollar amount of orders, sales or profits;
2. "Principal" means any person who does not have a permanent
or fixed place of business in this state and who does all of the
following:
a.
Engages in the business of manufacturing, producing,
importing or distributing one or more products for
sale to customers who purchase products for resale,
b.
Utilizes one or more sales representatives to solicit
wholesale orders for those products, and
c.
Compensates the sales representatives in whole or in
part by commission; and
3. "Sales representative" means a person who contracts with a
principal to solicit wholesale orders for a product within this
state and who is compensated, in whole or in part, by commission.
"Sales representative" does not include a person who places orders
for or purchases the product for his own account for resale, a
Oklahoma Statutes - Title 15. Contracts
person who is an employee of a principal, or a person who sells the
product to the ultimate consumer.
Added by Laws 1989, c. 268, § 2, eff. Nov. 1, 1989.
Frequently Asked Questions About Oklahoma § 15-676
What does Oklahoma Statutes § 15-676 cover?
Section 15-676 ("Definitions") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 15-676?
A common citation format is "Oklahoma Statutes § 15-676" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 15-676 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.