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Texas Business & Commerce Code

§ 54.002 — CONTRACT

BC § 54.002Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 54. COMPENSATION AGREEMENTS FOR SALES REPRESENTATIVES

Statute text

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(a)A contract between a principal and a sales representative under which the sales representative is to solicit wholesale orders within this state must:
(1)be in writing or in a computer-based medium; and
(2)state the method by which the sales representative's commission is to be computed and paid.
(b)The principal shall provide the sales representative with a copy of the contract.
(c)A provision in the contract establishing venue for an action arising under the contract in a state other than this state is void. Amended by:

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 54.002 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.