SMARTERHOME, INC. MINIMUM ADVERTISED PRICING (MAP) AND MINIMUM INTERNET PRICING (MIP) POLICIES
As part of its strategy to market the best and most competitively priced products available, SmarterHome, Inc. ("SmarterHome") has adopted these Minimum Advertised Pricing (MAP) and Minimum Internet Pricing (MIP) Policies for SmarterHome products sold through ecommerce channels of distribution or through retail outlets.
SmarterHome may, from time to time, publish or make available a spreadsheet or other designated price sheet which will set forth both a minimum advertised price (MAP) and a minimum internet price (MIP) for SmarterHome products. To receive a copy of SmarterHome's current list prices for each of the products covered by these policies, please e-mail sales@mysmarterhome.com or call 833-234-8711.
Authorized SmarterHome dealers and resellers must not advertise or publicly offer any SmarterHome product at a final price that is lower than the MAP or MIP, as applicable.
In the event of any change of MAP or MIP in connection with any Product, a dealer/reseller must modify its advertising and other public communications within 5 business days of notification of new or updated pricing to come into compliance.
MAP and MIP applies to net prices, after all discounts, coupons, and allowances, but not including any applicable sale taxes.
Alternative selling arrangements of every kind are prohibited, including, by way of example, economic arrangements in which gifts, rebates, coupons, gift cards, credit cards, or free services are provided in conjunction with the sale of Products. SmarterHome may waive this policy if a proposed arrangement is not inconsistent with the purposes and intent of these policies and will not harm other authorized dealers or resellers.
Upon any violation of these policies, all shipments to the offending dealer/reseller will be terminated or suspended.
- First violation - No further consequence, provided that the violation is immediately corrected upon notification from SmarterHome.
- Second violation - Suspension of the dealer/reseller's purchasing status for the relevant products or product category for 6 months.
- Third violation - Termination of the dealer/reseller privileges/discounts with respect to all SmarterHome products.
SmarterHome has adopted these MAP/MIP Policies unilaterally in furtherance of its independent business strategy and reserves, at its sole discretion, the right to change its MAP/MIP Policies and/or to interpret, enforce, or otherwise handle all questions and issues related to these policies.