Business Torts
Business torts, also referred to as economic torts, are when wrongful acts are committed against a business that causes pure economic or financial loss, loss of business or opportunities, or even clients and relationships. These acts can be intentional but are sometimes due to negligence or recklessness.
- Tortious Interference: Also called wrongful interference, this is when the offending party intentionally and wrongfully interferes with legitimate business interests of another, including interference with contracts, business opportunities, or the right to earn a living.
- Theft of trade secrets: When a party discusses proprietary information that a business usually seeks to protect, to provide another business with a competitive edge over other businesses in the same industry.
- Fraudulent misrepresentation: Also known as fraud or deceit, is when a party intentionally misrepresents the business in the context of a transaction, which causes injury to the other party or parties.
- Restraint of trade: An unlawful act that hinders a party from conducting business as it normally would. Examples of this include a monopoly, coercing another company to stop competing with your business, or tortious interference discussed above.
- Commercial disparagement: When the offending party makes false statements, such as slander or trade libel, regarding the goods or products of a business, resulting in a loss of sales or business.
If you think you or your business has experienced a business tort, Edwards Law can help. If necessary, we will go through the litigation process to recover your damages, punitive damages, or equitable remedies.