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Effective Date: May 22, 2023
This Map Pricing Agreement (“Agreement”) is entered into between Mes Cheveux of tophairtools.com (“Supplier”) and approved retailer(s) (“Retailer”) collectively referred to as the “Parties.”
The purpose of this Agreement is to establish a minimum advertised price (“MAP”) for the products supplied by the Supplier to the Retailer. The MAP is the lowest price at which the Retailer may advertise the Supplier’s products.
This Agreement applies to all products available through wholesale pricing.
Minimum Advertised Price (MAP):
The MAP for each product covered under this Agreement is listed as the original MSRP at www.tophairtools.com when logged into an approved retailer account.
The MAP may be adjusted by the Supplier at its discretion, the retailer is responsible for adjusting pricing as necessary within (30) days from original purchase.
a. The Retailer agrees to adhere to the established MAP for the Supplier’s products in all forms of advertising, including but not limited to print media, television, radio, online advertisements, social media platforms, and any other promotional materials.
b. The MAP applies to advertised prices only and does not restrict the Retailer from selling the Supplier’s products at a lower price in-store or through other non-advertised means.
c. The Retailer shall prominently display the MAP for each product in all advertisements, ensuring that the MAP is clearly visible and legible.
Enforcement and Compliance:
a. The Retailer acknowledges that the MAP is an important aspect of maintaining the value and integrity of the Supplier’s products and brand image. The Retailer agrees to cooperate with the Supplier in the enforcement of this Agreement.
b. In the event that the Retailer advertises any of the Supplier’s products below the MAP, the Supplier reserves the right to take appropriate action, including but not limited to:
– Issuing a written warning to the Retailer regarding the violation.
– Temporarily suspending the supply of products to the Retailer.
– Terminating this Agreement and ceasing the supply of products to the Retailer.
c. The Supplier’s remedies for non-compliance with the MAP shall be in addition to any other remedies available at law or equity.
Term and Termination:
a. This Agreement shall remain in effect for an initial term of one year from the Effective Date and shall automatically renew for subsequent periods of one year unless terminated by either Party by providing written notice at least 30 days prior to the end of the current term.
b. Either Party may terminate this Agreement immediately upon written notice in the event of a material breach by the other Party.
Governing Law and Jurisdiction:
This Agreement shall be governed by and construed in accordance with the laws of South Carolina. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of Greenville County.
This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes all prior negotiations, understandings, and agreements, whether oral or written, relating to the same.