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Can I offer discounts or promotions without violating pricing laws in Oklahoma? What are the requirements?

To offer discounts or promotions without violating pricing laws in Oklahoma, there are certain requirements that must be met.

Requirements for Offering Discounts or Promotions in Oklahoma

  1. The discount or promotion must be offered in good faith and not be misleading or deceptive [3.2].
  2. The discount or promotion must not violate any provisions of the Oklahoma Consumer Protection Act [3.2].
  3. If the discount or promotion is for products or services approved and designated on the procurement schedule, an annual qualified organization pricing review is required [1.1].
  4. If the discount or promotion is part of a business opportunity, the seller must comply with the Oklahoma Business Opportunity Sales Act, which requires registration and compliance with certain seller representations and net worth requirements [2.1][2.2].
  5. Online marketplaces cannot be required by political subdivisions to collect or verify information from high-volume third-party sellers or disclose information to consumers [3.1].

It is important to note that violating any of these requirements may result in legal consequences.

Conclusion

To summarize, discounts or promotions can be offered in Oklahoma as long as they are offered in good faith, not misleading or deceptive, and do not violate any provisions of the Oklahoma Consumer Protection Act. If the discount or promotion is for products or services approved and designated on the procurement schedule, an annual qualified organization pricing review is required. Additionally, if the discount or promotion is part of a business opportunity, the seller must comply with the Oklahoma Business Opportunity Sales Act, which requires registration and compliance with certain seller representations and net worth requirements. Finally, online marketplaces cannot be required by political subdivisions to collect or verify information from high-volume third-party sellers or disclose information to consumers.

Source(s):
Jurisdiction

Oklahoma