New Law Requires Written Commision Agreements

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Effective October 16, 2007, a new law went into effect in New York requiring written commission agreements with employees who have commissions as part or all of their compensation arrangements. Failure to comply with the new law's requirements will have a significantly detrimental effect should a dispute over commissions arise.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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