Wholesale Advertised Pricing Policy/Agreement
Our MAP pricing policy is intended for consumers to purchase from other resellers based on loyalty and customer care expectations. Therefore, if SimpliHemp agrees to allow your company to sell its products, you will need to agree and abide by the following requirements and restrictions.
The MAP policy shall work under the following guidelines:
- The Minimum Advertised Price for any SimpliHemp product shall never be sold for less than the structure listed below:
- Tincture oils (500mg) - $44.95
- Tincture oils (1000mg) - $79.95
- Tincture oils (3000mg) - $139.95
- The Maximum Advertised Price for any SimpliHemp product shall not be more than the structure listed below:
- Tincture oils (500mg) - $64.95
- Tincture oils (1000mg) - $99.95
- Tincture oils (3000mg) - $159.95
- The MAP policy applies to all advertisements of SimpliHemp products in any and all media, including, but not limited to, flyers, posters, coupons, mailers, inserts, newspapers, magazines, catalogs, mail order catalogs, Internet or similar electronic media, television, radio, and public signage.
- The inclusion in advertising of free or discounted products (whether made by SimpliHemp or another manufacturer) with a product covered by the MAP policy would be contrary to the policy if it has the effect of discounting the advertised price of the covered product below the MAP.
- If pricing is displayed in other than a brick and mortar retail store, any strike-through or other alteration of the Minimum Advertised Price is prohibited.
- Simpli Hemp's MAP policy does not in any way limit the ability of any dealer to advertise that “they have the lowest prices” or, they “will meet or beat any competitors price”, that consumers should “call for a price” or phrases of similar import as long as the price advertised or listed for the products is not less than MAP.
- Wholesale partner agrees to hold all trademarks and copyrights of SimpliHemp as the property of SimpliHemp and use advertising materials provided by SimpliHemp in an authorized manner only.
- Intentional or repeated failure to abide by this policy will result in termination of partnership. It is SimpliHemp’s sole discretion whether or not to provide prior notice or issue warnings before taking any action under this policy.
- E-Bay and Other Auction Web Sites Policy:
- “Buy it Now” options must be listed at a price equal to MAP or greater.
- For auctions the reserve and/or opening bids must start at MAP without a “Buy it Now” option.
- Best Offer Auctions Are Not Allowed
- Negotiated Contracts: From time to time it may be explicitly approved by SimpliHemp in writing to sell certain SimpliHemp products at below MAP pricing. The discount amount and length of time will be determined at the time of this approved promotion by SimpliHemp.
- SimpliHemp may run a sale from time to time and in such case the MAP will be the same as the sale price on those particular items and on those particular dates. SimpliHemp will send out a notice in advance with details of the special.
- Sales representatives of SimpliHemp products will supply a copy of the SimpliHemp MAP policy to any new or existing reseller to be filled out, acknowledged and returned to SimpliHemp. This form shall be signed and returned to SimpliHemp and in doing so, will bind the reseller to abide by the MAP and reseller requirements spelled out in this document.