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Alaska Contract between Manufacturer and Distributor Regarding Minimum Advertised Price
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How to fill out Contract Between Manufacturer And Distributor Regarding Minimum Advertised Price?
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Imap is from itertools module which is used for fast and memory efficiency in python. Map will return the list where as imap returns the object which generates the values for each iterations(In python 2.7). The below code blocks will clear the difference.
If a manufacturer, on its own, adopts a policy regarding a desired level of prices, the law allows the manufacturer to deal only with retailers who agree to that policy. A manufacturer also may stop dealing with a retailer that does not follow its resale price policy.
This is where Minimum Advertised Pricing (MAP) policies come in. But what is a MAP pricing policy, exactly? Highlights. MAP policies are agreements between manufacturers and distributors on the minimum price a product can be sold at. These policies benefit all parties, from manufacturers to distributors and retailers.
Minimum advertised price policies are unilateral programs that manufacturers can use to limit their retailers from advertising products below a predetermined level. Unlike resale price maintenance (RPM) agreements, MAP policies don't strictly limit product pricing.
While it used to be that manufacturers could only suggest a minimum retail price, the U.S. Supreme Court changed that rule. Now, manufacturers may, under appropriate circumstances, require a minimum retail price to be charged. Manufacturers cannot agree between themselves to set prices for their products.
IMAP stands for Internet Minimum Advertised Price. It is a MAP policy that brands draft specifically for products sold online.
Unlike a resale-price-maintenance agreement, a MAP policy does not stop a retailer from actually selling below any minimum price. In a resale price maintenance policy or agreement, by contrast, the manufacturer doesn't allow distributors to sell the products below a certain price.
Manufacturers use RPM policies or agreements to prevent retailers from selling products below a specified price. MAP policies are perfectly legal under U.S. antitrust laws.
The agreement is not legally binding. Retailers can still sell a product at a below-MAP price, just not advertise it.