Ohnut Wholesale Terms & Conditions
Twenty Three Ventures. LLC (herein “23V”) is focused on the integrity of our brand and maintaining high margins for our distribution and reseller network. In recognition of the investment in time and resources required of our distributors and resellers in providing the level of customer service and product knowledge expected from our end-users/customers, 23V is committed to enforcing policies which allow our resellers to maintain acceptable profit margins through the sale of our products. 23V has an established Minimum Advertised Price (MAP) Policy that an Authorized Reseller must follow for the advertising and marketing of 23V products. All 23V Authorized Resellers must agree to the terms and conditions of the following MAP Policy. If Minimum Advertised Pricing is explicitly prohibited in your country - please contact us. You will still be responsible for all terms and conditions stated here except for those specific to MAP.
23V’s MAP Policy Guidelines for Ohnut Products
MAP pricing for all Ohnut products is 15% below the MSRP price listed on the most current price list. All advertised prices must be at or above MAP for all Ohnut products. Resellers are not required to list prices in advertising. If a price is listed in an advertisement it must be at or above MAP. Other statements such as “call for price” or “call for quote” are acceptable and permitted.
Resellers are free to set the actual retail of any product as long as it is at or above MAP price given the most recent publication of the price list. 23V’s MAP policy for all Ohnut products apply to advertising placements, including but not limited to: print ads (inserts, magazines, newspapers, catalogs, mail order catalogs, etc.), broadcast (radio and TV), direct mail, faxes, internet placement with third parties (banner ads, broadcast emails, destination pages, third-party sites), internet placements on resellers own website, and any flyers, posters or coupons.
From time to time, 23V may permit resellers, in writing, to advertise MAP Products at prices lower than the MAP price. In such events, 23V reserves the right to modify or suspend the MAP price with respect to the affected products for a specified period of time by providing advance notice to all resellers of such changes.
23V’s MAP Policy does allow resellers to omit pricing entirely from advertisements and/or advertisement statements such as “Call for Price” or “Call for Quote.”
Free Offers Associated with 23V’s Product
Price matching policies are acceptable. Price matching cannot be used as a valid reason for violations of MAP Policy. Advertised price must always be at MAP or higher.
23V strictly prohibits any online marketplace sales by Reseller.
Reseller shall not promote, market, advertise, offer to sell, sell any product on or through any online marketplace or auction service (e.g. Ebay, Amazon, T-Mall, JD, or like website) either domestically or internationally, except as expressly approved, in writing, and in advance, and it is understood that 23V may withdraw its consent at any time.
Failure to Comply with the MAP Policy
At the sole discretion of 23V, failure to comply with MAP, intentional and/or repeated failure to abide, may result in the immediate loss of Authorized Reseller status and your ability to purchase all 23V products both direct as well as through distribution.
23V will utilize the following steps to resolve MAP violations:
1. Any and all dealers selling Ohnut products which have not signed or agreed to a 23V MAP Policy agreement are classified as Unauthorized Resellers.
2. Distributors / wholesalers of 23V are required to provide a signed MAP agreement from any dealer selling Ohnut products. Unauthorized dealers should not be sold to or provided a data feed from any distributor whatsoever.
3. Violations from Authorized Resellers will need to be corrected within 24 hours of notification.
a. First Violation: Authorized Reseller’s account will be put on hold temporarily and a written warning will be provided. MAP violations must be corrected within 24 hours. Upon correction and following 30 days of compliance, violation will then be cleared.
b. Second Violation: Authorized Reseller’s account will be put on hold for 30 days.
c. Third Violation: Should 23V decide to reinstate an Authorized Reseller who has previously demonstrated a third violation, yet violates a fourth time, the account will be unauthorized indefinitely.
*23V may issue a new price list each quarter, based on a calendar year. Pricing must be updated immediately upon receipt of such updates.*
23V places great value on the efforts of all resellers to represent our products with care. Our MAP policy is intended to maintain the high standard of 23V brand in a manner that is consistent with the long-term interests of our shared customers.
Thank you for your prompt attention to this matter. We look forward to doing business with you.