When a business causes economic damages to another business or an individual outside of a contract dispute case, the business may be liable for committing a tort. Common examples include fraud, tortious interference or unfair competition.
Why Matthews Eastmoore?
When litigating against a business, you need expert legal aid on your side. We here at Matthews Eastmoore have years of experience handling all types of business torts.
Common Case Types
- Tortious Interference: in which one party unlawfully interferes with the contract or business relationship of another party.
- Unfair Competition: for example, when a former employee unfairly competes with a former employer, or steals trade secrets.
- Fraudulent or negligent misrepresentation: where a party either intentionally makes a false statement or fails to use reasonable care in making a statement which turns out to be false.
- Restraint of trade
What is Tortious Interference?
A party may not interfere with another party’s business contracts or business relationships. If a party intentionally and unjustifiably interferes with another’s contract by influencing, inducing or coercing the breach of that contract, it may be liable for tortious interference. Likewise, if a party interferes with a business relationship, it may be held responsible for the resulting damages.
What Constitutes Fraud?
Fraud occurs when one party makes certain misrepresentations intentionally to influence another party. For example, by lying to another about the condition of land to induce a sale. Some examples of fraud may include a business attempting to buy another business which falsifies its accounting records. Or if a person contracts to sell a product to another, but in reality intends to pass off an inferior product as if it was the product contracted for. A negligent misrepresentation occurs when a party does not intentionally make a false statement, but reasonably should have known that the statement was false at the time it was made.
If fraud occurs, a contract may be invalid and the victim may be able to receive compensation for his or her damages.
What Constitutes Unfair Competition?
Unfair competition is a tort that includes stealing trade secrets from another business, predatory pricing, spreading false information about rivals, or diluting the brand or trademarks of another.
If you feel like you have been the victim of a business tort, the attorneys at Matthews Eastmoore may be able to help you understand your rights and options. Call us today at 941-366-8888 or schedule a free consultation.
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