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Can I offer a money-back guarantee for my product or service in Wisconsin? What are the requirements?
Money-back guarantee for products or services in Wisconsin
According to the Wisconsin Administrative Code, there are no specific laws or regulations that prohibit offering a money-back guarantee for products or services in Wisconsin. However, it is recommended that sellers consult with a legal professional to ensure that their money-back guarantee complies with all applicable laws and regulations in Wisconsin.
It is important to note that if the product or commodity is eligible to use the Wisconsin logo, the product or commodity must meet certain requirements, including that at least 50% of the product’s or commodity’s value-added is attributable to Wisconsin ingredients, or to Wisconsin production or processing activities [2.1][3.1].
Additionally, if the product or service is an insurance product under s. 422.202 (2s) (a) 2., including insurance described in s. 424.301 (1m), or, if for a term of more than one year, any future service or motor club service contracts under s. 422.202 (2s) (a) 3., the customer has the right to cancel the products or contracts until 30 days after the insurance policy, future service contract or motor club service contract is mailed or otherwise delivered to the customer [4.1].
Therefore, it is recommended that sellers consult with a legal professional to ensure that their money-back guarantee complies with all applicable laws and regulations in Wisconsin, including those related to insurance products and the use of the Wisconsin logo.
Source(s):
- [2.1] Products and commodities; eligibility requirements.
- [3.1] Products and commodities; eligibility requirements.
- [4.1] Cancellation by customer.
Jurisdiction
Wisconsin