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Novium Products Minimum Advertised Pricing Policy

 

In order to preserve its reputation for providing customers with high quality products, strong after-sales support, and to further enhance the Novium Products brand image and its competitiveness in the marketplace Novium Products is unilaterally instituting a policy of minimum advertised price standards for Novium Products product’s.

This Minimum Advertised Pricing Policy (“MAP Policy”) will become effective September 1st, 2019 and will apply to all distributors and retailers, including catalogs and internet retailers (collectively, “Resellers”), who resell Novium Products product’s to end users.

Novium Products greatly values the efforts of all Resellers to distribute Novium Products product’s and support our customers. This MAP Policy is adopted for the benefit of all Resellers and will be uniformly enforced.


This MAP Policy shall work under the following guidelines:


1. Novium Products will, from time to time, publish a Schedule of Manufacturer’s Suggested Retail Prices (“MSRP Schedule”) on its internet website, which may be amended or adjusted by Novium Products at any time in its sole discretion. The MSRP Schedule will identify the effective date, the Novium Products product’s that are subject to this MAP Policy and the manufacturer’s suggested retail price (“MSRP”) for those products. Each advertisement of a Novium Products product identified in the MSRP Schedule that is more than 20% below the MSRP will be a violation of this MAP Policy. Novium Products product’s not specifically identified in the MSRP Schedule are not subject to this MAP Policy.

2. This MAP Policy applies to all advertisements of Novium Products product’s listed on the MSRP Schedule in any and all media, including, but not limited to, flyers, posters, coupons, mailers, inserts, newspapers, magazines, catalogs, mail order catalogs, e-mail newsletters, e-mail solicitations, internet or similar electronic media, television, radio, and public signage. This MAP Policy is not applicable to any in-store advertising that is displayed only in the store and not distributed to any customer(s).


3. The inclusion in advertising of free or discounted products (whether made by Novium Products or another manufacturer) with a product covered by this MAP Policy would be contrary to this MAP Policy if it has the effect of discounting the advertised price of the covered Novium Products product more than 20% below the MSRP.


4. If pricing is displayed, any strike-through or other alteration of the MSRP that is paired with a discount price more that 20% below the MSRP is prohibited.


5. This MAP Policy applies only to advertised prices and does not apply to the price at which Novium Products product’s are actually sold or offered for sale to an individual consumer within Resellers’ retail location or over the telephone. Resellers remain free to sell these products at any prices they choose under these circumstances.


6. This MAP Policy does not establish maximum advertised prices. All Resellers may offer Novium Products product’s at any price in excess of the MSRP.


7. Pricing listed on an internet site is considered an “advertised price” and must adhere to this MAP Policy. Once the pricing is associated with an intent to purchase (added to shopping cart or order), the price becomes the selling price and is not bound by this MAP Policy. Statements such as “add to basket to see price”, “we will match any price”, “call for price” or phrases of similar import are acceptable as long as the price advertised or listed for the products is not more than 20% below the MSRP. In addition, discounts applied at checkout to the entire order based on a customer’s purchasing history with the Reseller, such as discounts for “frequent shoppers”, do not violate this MAP Policy.


8. This MAP Policy is solely within Novium Product’s discretion and authority acting through the duly authorized managers of Novium Products. No employee or sales representative of Novium Products has any authority to discuss, modify or grant exceptions to this MAP Policy. Any representation or action by any employee, sales representative or persons not specifically authorized to discuss, modify or grant exceptions to this MAP Policy under this paragraph is unauthorized and invalid. All questions about this MAP Policy should be in writing and directed via U.S. Mail to MAP Policy Administrator, Novium Products, 13460 Wright Circle Ste., E9A, Tampa, FL 33626, USA or via e-mail to admin@noviumproducts.com who will respond only in writing. No oral communications about this MAP Policy are authorized. The MAP Policy Administrator shall be solely responsible for determining whether a violation of the policy has occurred, communicating decisions to Resellers regarding the policy and receiving any communications regarding sanctions imposed under this MAP Policy. If you so choose, you may forward information about non-compliance with the MAP Policy or the MSRP Policy to the above email and physical addresses. However, please be advised that no Novium Products personnel or sales representative will contact you to acknowledge, respond or follow-up on what you report, nor will they discuss the enforcement of the MAP Policy or MSRP Policy or pricing practices or other dealers or distributors with you. Any action taken by Novium Products under this MAP Policy shall be without liability to Novium Products.


9. From time to time, Novium Products may choose to offer special promotions on certain products. In such an event, we reserve the right to modify or suspend this MAP Policy in whole or in part by notifying all Resellers of the duration and nature of the change. Novium Products further reserves the right to adjust the MSRP with respect to all or certain products at its sole discretion. Such changes shall apply equally to all Resellers.


10. Intentional and/or repeated failure to abide by this MAP Policy will result in sanctions unilaterally imposed by Novium Products. The level of sanctions will be determined by Novium Products in its sole discretion and may include indefinite termination of dealership or distributorship. Novium Products does not intend to do business with Resellers who degrade the image of Novium Products and its products. Novium Products need not provide prior notice or issue warnings before taking any action under this MAP Policy.


11. Distributors of Novium Products product’s will supply a copy of this MAP Policy to any new or existing Reseller for their records.


12. The terms of this MAP Policy are confidential and should not be disclosed to other parties.


This MAP Policy has been established by Novium Products to help ensure Novium Product’s position as a world class manufacturer of high quality products and to protect the reputation of its name, products, distributor, dealer, and end user relations. This MAP Policy is also designed to avoid destructive intra-brand conflict and to ensure that dealers and distributors have the incentive to invest resources into services for Novium Products customers.

Novium Products