Sentences with phrase «tied selling»
"Tied selling" refers to a practice where a seller forces a buyer to purchase one product or service only if they also buy another unrelated product or service. It's like a condition or requirement for getting the desired item. Full definition
While it's at it, the regulator should probably look into what looks like a clear case of tied selling.
canadianbusiness.com
We urge you to let us know if you believe that you have experienced coercive tied selling in any dealings with us.
The Canadian government has purposely done this to encourage competition in the insurance industry (primarily to ensure low premiums) as well as to avoid tied selling (needing to buy insurance in order to get approved for a mortgage).
Section 77 of the Competition Act only prohibits tied selling when it is engaged by a major supplier or is widespread in the market, and therefore likely to have an anti-competition effect.
Although the Competition Act itself provides some restrictions to tied selling as anti-competitive, other unharmonized regulations provide additional limits on its use.
One example of this might be in the regulation of tied selling by banks, with the prohibited activity of making the purchase of one product conditional on another, as differentiated by bundling and relationship pricing used to create incentives to purchase multiple products.
Section 576.1 of the Bank Act prohibits an Authorized Foreign Bank (hereinafter referred to as a «bank») such as PNC BANK CANADA BRANCH from practicing coercive tied selling.
In addition, lending banks often incentivise borrowers to purchase mortgage life insurance in addition to their new mortgage by means that are on the verge of tied selling practices.
There will soon be a tool to visualize combinations of the shirts and the ties sold online.
To comply with the law, PNC Bank Canada Branch is providing information explaining what coercive tied selling is.
The Bank Act requires Canadian chartered and Authorized Foreign Banks to inform customers in plain language that coercive tied selling is illegal.
These practices should not be confused with coercive tied selling, as defined by the Bank Act.
We expect all employees at PNC BANK CANADA BRANCH to comply with the law by not practicing coercive tied selling.
The Bank Act requires banks to inform customers in plain language that coercive tied selling is illegal.
So, every tie sold helps rescue dogs in the future as well.
Private parties may also make private access applications to the Competition Tribunal, with leave, for Tribunal orders under the refusal to deal, price maintenance or exclusive dealing / tied selling / market restriction sections.
My own beef is the tied selling of Word with Office — since it effectively drove Word Perfect off the market.
These include a general abuse of dominance provision, and several specific provisions, the most important of which deal with exclusive dealing, tied selling, market restriction, and refusal to deal.
Exclusive dealing, tied selling, and market restriction are not illegal in Canada unless they harm competition, in which case the Tribunal can issue an injunction prohibiting the practice under a specific provision (s. 77).
Reviewable matters include mergers and restrictive trade practices, such as refusal to deal, resale price maintenance, exclusive dealing, tied selling, market restriction and abuse of dominant position.
Private parties may seek leave from the Tribunal to launch an application against a party for allegations of refusal to deal, resale price maintenance, exclusive dealing, tied selling and market restriction, where the private party demonstrates a reason to believe that he or she is directly, or substantially, affected in his or her business by the alleged conduct.
Private actions can not be commenced, however, under the Act's civil «reviewable matters» provisions (e.g., for abuse of dominance, tied selling, exclusive dealing, market restriction, refusal to deal or price maintenance).
Civil reviewable matters under the Act include the civil misleading advertising, refusal to deal, price maintenance, abuse of dominance and exclusive dealing / tied selling / market restriction sections.
Tied selling of a product of self or of an affiliated party, however, is illegal in most jurisdictions.
Private parties may also make private access applications to the Competition Tribunal, with leave, for Tribunal orders under the refusal to deal, price maintenance or exclusive dealing / tied selling / market restriction sections.
Private parties may also make private access applications to the Competition Tribunal, with leave, for Tribunal orders under the refusal to deal, price maintenance or exclusive dealing / tied selling / market restriction sections.