H.R.7518 - Sales Representatives Protection Act95th Congress (1977-1978)
|Sponsor:||Rep. Mikva, Abner J. [D-IL-10] (Introduced 06/01/1977)|
|Committees:||House - Commerce|
|Latest Action:||House - 06/01/1977 Referred to House Committee on Interstate and Foreign Commerce. (All Actions)|
This bill has the status Introduced
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Summary: H.R.7518 — 95th Congress (1977-1978)All Information (Except Text)
Introduced in House (06/01/1977)
Sales Representatives Protection Act - Requires a principal who, without good cause, terminates or fails to renew a contract between such principal and a sales representative, or reduces the rate of commission for orders solicited on behalf of such principal, to indemnify the representative according to this Act. Requires a principal who reduces the size of the geographic territory assigned to a representative for a specified account, which results in a specified reduction in commissions, to indemnify such representative. Sets forth formulae for the indemnification of such representatives.
Requires a principal to furnish specified information to a sales representative concerning orders placed through the representative's account and a monthly accounting of commissions due such representative. Allows a plaintiff to bring an action to enforce any rights or liabilities created by this Act in a United States district court. Stipulates the procedure for such action.