As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1. 1. Commissions "Commissions" means compensation accruing to a sales representative for payment by a principal, the rate of which is expressed as a percentage of the amount of orders or sales.

   [PL 1991, c. 296 (NEW).]

2. 2. Principal "Principal" means a person, partnership, corporation or other business entity that does not have a permanent or fixed place of business in this State and that:

   1. A. Manufactures, produces, imports or distributes a product for wholesale;

      [PL 1991, c. 296 (NEW).]

   2. B. Contracts with sales representatives to solicit orders for the product; and

      [PL 1991, c. 296 (NEW).]

   3. C. Compensates the sales representative, in whole or in part, by commission.

      [PL 1991, c. 296 (NEW).]

   [PL 1991, c. 296 (NEW).]

3. 3. Sales representative "Sales representative" means a person who:

   1. A. Contracts with a principal to solicit orders for the purchase at wholesale of the principal's product;

      [PL 1991, c. 296 (NEW).]

   2. B. Is compensated, in whole or in part, by commission; and

      [PL 1991, c. 296 (NEW).]

   3. C. Does not place orders or purchase for that person's own account or for resale.

      [PL 1991, c. 296 (NEW).]

   [PL 1991, c. 296 (NEW).]

PL 1991, c. 296 (NEW).