Can I offer a money-back guarantee for my product or service in Michigan? What are the requirements?

Here is the response to your query:

Money-back Guarantee in Michigan

Michigan law does not have specific regulations regarding money-back guarantees. However, there are general requirements for warranties and guarantees that businesses must follow.

According to [2.3]" >MICL 257.1251, a warranty must be in writing, written in clear and understandable language, and printed in easy-to-read type, size, and style. The warranty must also state the name and address of the issuer of the warranty reimbursement insurance policy, the total purchase price for the warranty, and the procedure for making a claim. Additionally, the warranty must specify the payments or performance provided under the warranty, including any limitations, exceptions, or exclusions.

Therefore, if you plan to offer a money-back guarantee, it is recommended that you follow the above requirements for warranties. You should also clearly state the terms and conditions of the guarantee, including the circumstances under which a refund will be issued.

Conclusion

Michigan law does not have specific regulations regarding money-back guarantees. However, businesses must follow general requirements for warranties and guarantees. It is recommended that you follow the requirements for warranties and clearly state the terms and conditions of the guarantee.

Source(s):

• [2.3] Requirements.

Jurisdiction

Michigan

• General