Legal Considerations When Accepting a Draw
On behalf of Morris E. Fischer, LLC posted in Articles on January 13, 2014
Sales representatives and principles sometimes enter into relationships in which the principle recognizes that for whatever reason, the future sales by a sales representative may be sporadic or unpredictable. In order to alleviate the cash flow concerns sales representatives encounter, the principle agrees to pay a set bi-weekly or monthly stream of income, otherwise known as a draw.