Internet MAP (Minimum Advertised Price) Policy
- As part of its strategy to market in the United States and Canada, Rapid Recess has adopted a Minimum Advertised Price Policy (MAP Policy) for all of its products (the “Products”) sold through e-commerce channels of distribution or retail.
The policy is as follows:
Advertised prices of Products may not appear on the Internet at a discount of more than twenty percent (20%) off of Rapid Recess’s current list price for the Products. The net price shall mean the stated list price less all discounts, coupons, or allowances. Rapid Recess reserves the right to change the applicable Minimum Advertised Price upon sixty days’ notice. In addition, customers of Rapid Recess are responsible to distribute this policy, or otherwise apprise, their customers (resellers) of the terms of this policy.
- For repeated violations, Rapid Recess may suspend or terminate the Reseller’s authorization to sell Rapid Recess products.
Consequences of Violation of this MAP Policy:
First violation – Rapid Recess will remove the customer from all links and listings on Rapid Recess web sites and from referrals generated by consumer advertising for a period of 30 days.
Second violation – Rapid Recess will suspend the customer’s purchasing status for a period of 30 days.
Third violation – Rapid Recess will suspend the customer’s purchasing status indefinitely.
Rapid Recess has adopted this MAP Policy unilaterally in furtherance of its independent business strategy and reserves, at its sole discretion, the right to change its MAP Policy and to interpret, enforce and otherwise handle all questions and issues related to the policy. No sales representative or employee of Rapid Recess has the authority to discuss, change, or enforce this MAP Policy.
In Silverthorne, Colorado, 03/01/2019