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The latest from our team at Hertz Schram, where we provide our clients with the bold,
forward-thinking and uncommonly creative legal solutions they deserve.

An Overview of Franchise Disclosures

By John Monnich Jr Franchise sales are regulated by state law. Michigan law requires franchisors to provide pre-sale disclosures. The Federal Trade Commission also has disclosure requirements for federal enforcement known as the FTC Franchise Rule. Franchisors should do their best to comply with both federal and state laws regarding

Pensioner Loses Main Claim But Is Awarded Monetary Penalties for Plan Administrator’s Refusal to Timely Provide Pension Benefit Statement.

By Eva Cantarella Under the Employee Retirement Income Security Act (ERISA) pensioners are entitled to a pension benefit statement within 30 days of their written request. Plan administrators who refuse to comply with this rule risk getting sued for monetary penalties, as illustrated in the following recent pension case:

Recent Changes to the Michigan Uniform Power of Attorney Act: A Brief Overview

Michigan has recently instituted updates to the Uniform Power of Attorney Act (UPOAA), MCL 556.401 et. seq. These changes, effective as of July 1, 2024, bring Michigan’s laws more in line with the Uniform Power of Attorney Act adopted by many other states, providing a more standardized approach to POA