SALES REPRESENTATIVE ACT

Amends the Sales Representative Act. Changes the definition of "principal" to mean a sole proprietorship, partnership, corporation or other business entity which offers a product or service for sale (rather than manufactures, produces, imports, or distributes a product for sale). Removes from the definition of "sales representative" a person who qualifies as an employee of a principal pursuant to the Illinois Wage Payment and Collection Act. Provides that a principal who fails to comply with certain provisions under the Act concerning timely payment or with any contractual provision concerning timely payment of commissions due upon the termination of the contract with the sales representative, shall be liable in a civil action for exemplary damages in an amount which is at least the amount of the commission owed and does not exceed 3 times the amount of the commissions owed to the sales representative (rather than which does not exceed 3 times the amount of the commissions owed to the sales representative). Effective immediately.