A bill to correct inequities in the relationship between sales representatives and their principals, and for other purposes.
Sales Representatives Protection Act - Title I: Contracts Between Sales Representatives and Principals - Requires a principal who enters into a contract with a sales representative for the solicitation of orders for the principal's merchandise to furnish specified information to the representative, including monthly commission statements.
Enumerates items to be included in any written contract between a principal and sales representative in order to conform with this Act.
Title II: Indemnification - Exempts principals who have entered into a written contract in conformity with title I from the indemnification requirements of this title.
Requires any principal to indemnify a sales representative in accordance with this title if such principal: (1) without good cause terminates a representative's assignment or reduces the geographical territory assigned to him or her; (2) reduces the rate of commission paid; or (3) reduces the number of accounts assigned within a geographical territory.
Sets forth a formula for the indemnification of such representatives.
Title III: Miscellaneous - Permits actions to be brought in Federal district court to enforce the rights or liabilities of this Act.
Introduced in House
Introduced in House
Referred to House Committee on Energy and Commerce.
Referred to Subcommittee on Commerce, Transportation and Tourism.
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