| Commentary

381 Commission basis favourable to the distributor

| Commentary

381 Commission basis favourable to the distributor

Where a company is acting as the distributor of another company, the method of calculating which is most favourable to the distributor will be as follows:

  1. 381.1

        gross receipts will be calculated on a ‘source’ basis;

  2. 381.2

        from the gross receipts, the commission of the distributor will be deducted;

  3. 381.3

        the balance of gross receipts remaining after deduction of the commission or distribution fee will be applied towards payment of the distributor's expenses;

  4. 381.4

        the net sums remaining after the deduction of commission and expenses is remitted to the publisher subject to Paragraphs

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial