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Vital Things You Must Know About Business Torts

Business torts refer to harmful actions performed against business entities. These actions can be unintentional or due to recklessness or negligence. Generally speaking, business torts do not come under criminal offenses. The aggrieved party can seek monetary damages in civil court. Business torts can be divided into 7 different categories.

Injurious Falsehood

An injurious falsehood is a false statement made to damage the reputation of a business. If you prove that the tortfeasor has made the false statement intentionally, you will win your case in court.

Tortious Interference with Contract

As the name suggests, tortious Interference with contract is about a third party forcing a business to make a breach of contract so that the plaintiff doesn’t receive what is promised in the contract. If you file a case for this business tort, you should prove the wrong intention of the third party using supporting evidence.

Tortious Interference with Business Relations

The tortfeasor interferes deliberately to prevent the plaintiff from entering into an agreement with a third party. If you prove that the tortfeasor’s conduct was intentional, you will receive compensation to cover your losses.

Negligent Misrepresentation

Negligent misrepresentation occurs when a third party makes a representation without having a reasonable basis for the action. Whenever you suspect negligent misrepresentation, you can consult an experienced Phoenix business torts lawyer to protect your rights and interests. Accomplished professionals will study your case in detail and help you gather the necessary evidence before representing you successfully in court.

Fraud or Fraudulent Misrepresentation

Fraudulent misrepresentation is the most critical and harmful one. It often leads to higher penalties than other misrepresentations. Fraud misrepresentation refers to intentional deception for gaining an unfair or unlawful advantage.

Conspiracy

Conspiracy business torts occur when there is an agreement between two or more parties to cheat a third party to secure an illegal objective or deny a third party the legal rights they deserve. The agreement may not necessarily be in writing. An oral agreement also comes under the conspiracy business tort.

Unfair Competition

This type of business tort applies when competition among two or more businesses takes place on unequal terms. Some companies follow unfair competition practices to cause harm to others. If competition is not based on fair and equal terms, you can file a case against unfair competition.

When you deal with business torts, you must seek professional help. Knowledgeable and experienced business torts lawyers offer the right advice and guide you in the right direction to safeguard your rights and interests.