As used in this chapter, unless the context requires a different meaning: “Commission” means compensation accruing to a sales representative for payment by a principal, the rate of which is expressed as a percentage of the total dollar amount of orders or sales or as a specified amount per order or per sale. “Principal” means […]
When a principal contracts with a sales representative to solicit wholesale orders within this Commonwealth, such contract shall (i) be in writing, (ii) disclose the method by which the commission is to be computed and paid, (iii) disclose the territory of the sales representative and whether such territory is exclusive, (iv) be signed by the […]
A. Every sales representative shall be paid the earned commission and all other compensation earned or payable in accordance with the terms of the contract. B. When a contract between a principal and a sales representative is terminated, for any reason, except by mutual agreement, all earned commissions shall be paid within a period specified […]
Any provision of any agreement intending to waive the rights of any party to any provision of this chapter shall be void. 1993, c. 736.
The failure to execute a contract as required by § 59.1-456 shall not constitute an affirmative defense in any action relating to the provisions of this chapter. 1993, c. 736.
