Legal Question in Business Law in New York

None that I know of. However, pursuant to the NY Labor law, there are strict guidelines concerning the payment of commissions. In particular,

Section 191-b - the commissions agreement must be in writing and must set forth the method by which the commission is to be computed and paid. The section also states that the sales representative must be paid not later than five business days after the commission has become earned.

Section 1910-c - If the company failes to pay commission, it shall be liable for double damages together with attorney's fees.

Mike.

If I may add a practical solution:

If you are in the position to ask/demand your company to have the proceeds paid into an escrow account (such as an attorney's trust account) you will be able to draw your 15% commission and forward the remainder to your company. If you have leverage in this deal, then it may be no sweat off your company's back to allow the money to go in escrow or otherwise risk loosing the deal.

If you have any further questions feel free to contact my office at your earliest convenience.

Roman R. Fichman, Esq.

www.TheLegalist.com │ @TheLegalist

email: Info (@) TheLegalist (dot) com

t e l : 2 1 2 -- 3 3 7 -- 9 8 3 7

Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.