BeadSmith Minimum Advertised Price
(MAP) Policy
BeadSmith specializes in selling premium artistic beads to artistic bead stores throughout the world. The BeadSmith name is synonymous with the quality, beauty, and variety. We also rely on the service and sales support of our valued Resellers to accurately and enthusiastically convey the quality of our products to current and future customers. In order to recognize the contributions of our Resellers to the success of our brand and give them an incentive to provide continued high levels of service, we have unilaterally instituted the following Minimum Advertised Price (MAP) Policy.
This MAP policy is a unilateral policy of BeadSmith and does not establish maximum or minimum resale prices or in any way limit the freedom of any Reseller to establish prices for BeadSmith-branded products.
Scope of Policy
This MAP policy applies to all Resellers of any BeadSmith-branded product(s) or BeadSmith Exclusive Product(s) and to any advertisement of any BeadSmith-branded product or BeadSmith Exclusive Product(s) in any and all media including, but not limited to, internet (whether on the reseller’s own website or the website of a third party), television, radio, flyers, poster, coupons, mailers, inserts, newspapers, magazines, catalogs, and public signage.
Minimum Advertised Price
It is the unilateral policy of BeadSmith to deal only with those Resellers whose Advertised Prices of BeadSmith-branded products are at or above Minimum Advertised Price as set on the BeadSmith pricelist.
Current BeadSmith Minimum Advertised Prices are available online at www.beadsmith.com. The Minimum Advertised Prices for BeadSmith-branded products or BeadSmith Exclusive Products may be changed at any time at BeadSmith’s sole discretion.
A Reseller’s Advertised Price is the advertised list price of a BeadSmith-branded product which does not include free or discounted shipping or other services provided in connection with those products. Once a price is associated with an actual purchase (such as when an item is placed in a “shopping cart” on a website, when a price is offered to a customer in person or by telephone, or when a Reseller offers to match a competitor’s price), the offered price becomes the selling price, which is not subject to this Policy.
Policy Violations
In the event that BeadSmith determines to its satisfaction that a Reseller has intentionally violated the Minimum Advertised Price policy, BeadSmith will indefinitely cancel all orders for the product(s) found to be in violation of the policy and refuse to accept new orders for those product(s) for 180 days. Multiple violations within any 180-day time period will cause the violating Reseller to lose its status as a Reseller. Any Reseller that has lost its status may, after 180-days from its termination, reapply for Authorized Dealer status, on equal terms with other applicants. BeadSmith reserves its right to grant or refuse any Reseller application, for any reason.
BeadSmith may monitor the advertised prices of Authorized Dealers and other resellers of its products, either directly or via third parties.
The policy administrator shall be solely responsible for determining whether a violation of the policy has occurred and communicating decisions to Resellers regarding violations of this Policy. BEADSMITH EMPLOYEES HAVE NO AUTHORITY TO MODIFY OR GRANT EXCEPTIONS TO THIS POLICY.
Policy Modifications
BeadSmith reserves the right at any time to modify, suspend, or discontinue this Minimum Advertised Price policy in whole or in part. Policy modifications shall be made available online on our website, www.beadsmith.com.
Communications Regarding Policy
All communications regarding this Minimum Advertised Price Policy are to be directed to the policy administrator, Avi Weiss, who can be reached via email at: avi@beadsmith.com.