Business torts – also known as economic torts – are actions taken by one business that causes demonstrable harm to another. Torts can take a number of different forms, including but not limited to the following:
- Conspiracy to cause harm
- Fraudulent misrepresentation
- Infringement of trademark, also known as “passing off”
- Intimidation, extortion, and breach of process
- Abuse of process
- Defamation and slander of title
- Breach of confidence
- Unlawful interference with economic relations
- Trade secret theft
What is immediately important is that you explore the legal options available to you so you can act quickly and decisively.
What Should I Do If My Business Has Suffered Due to the Actions of Another?
If your business has sustained damages – financial or otherwise – due to the actions of another, you may be entitled to compensation for your losses. When this happens, it is always a good idea for the aggrieved business owner to examine their legal options, weigh them, and then take any and all appropriate actions. Speaking with a law firm familiar with the world of business litigation about your situation can go a long way toward understanding the position you are in and what you can do about it, empowering you to act in the best interests of your business.
Are Business Torts Always Intentional?
Business torts are actions taken by one business that ultimately result in harm to another business. Sometimes these actions can be intentional, but sometimes they can be due to outright negligence. In either case, the damage done is very real and can cause costly consequences to your business, be it in the short-term or the long-term. The damage itself can range from loss of income, to reputational harm, to a competitive disadvantage. Every individual case is unique, with its own set of facts, evidence, and context. This is why our law firm goes to great lengths to examine any and all relevant facts and evidence in our pursuit to secure any restitution that may be owed to you and make you whole.
What If I Don’t Know Specifics About Different Torts
The idea of entering into litigation with another business may be overwhelming to the average business owner, but it doesn’t have to be a torturous or all-consuming process. Our law firm is familiar with business torts of every kind, so whatever tort may be applicable to your specific situation, we can put a name to it and navigate the ins and outs of the legal process on your behalf. This allows you the ability to take control of your situation while also allowing you the time and energy to focus on what is of the utmost importance to you – your business and its future.