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Unfair competition refers to competitor’s use of illegal, fraudulent or unfair practices and acts to harm another business. In commercial law, businesses have legal protection from unfair competition.
Many businesses seek experienced civil litigation attorneys to file lawsuits when faced with complex business litigation like unfair competition.
These are some of the various kinds of unfair competition.
Legal Anti-Trust violations – When competitors use tactics like predatory pricing or obtaining exclusive purchase rights in order to force competition out of the market.
Trademark Infringement – Under U.S. common law, trademark infringement, or the use logos, names or other product characteristics to deceive consumers into thinking they’re buying a competitor’s product, is prohibited.
Trade Libel and Slander- Under U.S. common law, trade libel, or the spreading of false information about a competitor’s product, is prohibited.
Fraud and Misrepresentation – Deliberate deception to obtain unfair advantage over competition.
Unconscionable Contracts -A contract that is one-sided and unfair to one party.
Misappropriation of Trade Secrets– When a competitor uses bribery or theft to acquire economically advantageous information about competition.
Other grounds for unfair competition include– breaches of contract, false advertising, tortious interference with prospective business relationships and opportunities, or other unfair practices.
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