34-44-202 - Payment of commission -- Payment on termination -- Settlement. - Utah Statutes

34-44-202. Payment of commission -- Payment on termination -- Settlement.
(1) The principal shall pay a sales representative all commissions due to the salesrepresentative during the time the business relationship between the principal and salesrepresentative is in effect in accordance with the writing required by Section 34-44-201.
(2) If a business relationship between a principal and sales representative terminates, theprincipal shall pay to the sales representative:
(a) within 30 days after the day on which the termination is effective, all commissionsdue on the day on which the termination is effective; and
(b) within 14 days after the day on which a commission becomes due if the commissionis due after the day on which the termination is effective.
(3) (a) Unless payment is made pursuant to a binding and final written settlementagreement and release, the acceptance by a sales representative of a partial commission paid bythe principal under the business relationship does not constitute a release as to the balance of anycommission that the sales representative claims is due because of the business relationship.
(b) A full release of all commission claims required by a principal as a condition to apartial commission payment is void.

Enacted by Chapter 65, 2007 General Session