Minimum Advertised Pricing (MAP) Policy

To protect its reputation for providing customers with high value products and strong after sales support and to further enhance the TeachLogic brand image and its competitiveness in the marketplace, TeachLogic is instituting a policy of minimum advertised price standards for TeachLogic products.  This Minimum Advertised Pricing Policy (“MAP Policy”) will become effective February 1, 2024, and will apply to all resellers who resell TeachLogic products to end users located in the United States and Canada.

This MAP Policy shall work under the following guidelines:

1. TeachLogic will, from time to time, publish a Price List of Manufacturer’s Suggested Retail Prices (“MSRP Price List”) for distribution, which may be amended or adjusted by TeachLogic at any time. The MSRP Price List will identify the effective date, the products, and the Manufacturer’s Suggested Retail Price (“MSRP”) for those products. The Minimum Advertised Price (MAP) of each product will be no less than 35% below MSRP. Each advertisement for a product identified in the MSRP Price List at a cost below the MAP (i.e., with a discount greater than 35% off the published MSRP pricing) will be a violation of this MAP Policy. TeachLogic products not specifically identified in the MSRP Price List are not subject to this MAP Policy.  (To give an example, if a product is listed on the published MSRP Price List for $1000, the MAP for this product is $720. This product cannot be advertised for a price lower than $720.)
2. This MAP Policy applies to all forms of media advertisements, including print and internet advertisements of products listed on the MSRP Price List. This MAP Policy is not applicable to any in-building price posting that is displayed only in the reseller’s place of business.
3. Resellers that include free or discounted products (whether manufactured by TeachLogic or another manufacturer) with a product covered by this MAP Policy must ensure that such packages (i.e., those that include a combination sale of both products covered in the MSRP Price List and products not covered under this Policy) are advertised at the cumulative MAP of all the products included in the package.
4. TeachLogic products shall not be listed on any third-party website, such as Amazon, ebay, or any others, without prior written consent from TeachLogic. The advertising price limits shall still apply on third-party sales venues.
5. This MAP Policy applies only to advertised prices and does not set or limit the ultimate sales price to any customer or purchaser of TeachLogic products. Resellers remain free to sell these products at any prices they choose.
6. This MAP Policy does not establish maximum advertised prices. All Resellers may offer TeachLogic products at any price over MAP.
7. Pricing listed on an Internet site is considered an “advertised price” and must adhere to this MAP Policy. A visible promotion, strikeout, deletion, or alteration of any price (including a “click for price” notice) which results in a publicly displayed price below MAP in any Internet advertising is strictly prohibited. Once the pricing is associated with the intent to purchase (added to a secure, not public shopping cart or order), however, the price offer is not bound by this MAP Policy. Discounts applied at the checkout to the entire order based on a customer’s purchasing history with the Reseller, such as loyalty discounts, do not violate this MAP Policy.
8. All questions about this MAP Policy should be sent via e-mail to billing@teachlogic.com which will result in a response in writing.
9. From time to time, TeachLogic 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 Resellers of the duration and nature of the change. TeachLogic further reserves the right to adjust the MSRP with respect to all or certain products.
10. TeachLogic shall be solely responsible for determining whether a violation of the policy has occurred and resultant consequences which may include cessation of product sales to parties not abiding they the policy’s terms or spirit.