What are business tort claims?
What are the most common types of business tort claims?
When business tort claims arise, they refer to injuries that occurred to a business asset. "Tort" refers to an injury.
A business tort is a wrongful act committed by one party against another party's business entity that causes financial or economic loss and is usually intentional, but can also be a result of negligence or recklessness.
Business entities who were wronged typically seek monetary damages in civil court. Additionally, when taken to court, a business can seek an injunction. An injunction, if granted by the court, will order the defendant to cease committing the unlawful acts.
What are some examples of business assets?
A business asset could refer to a business relationship, intellectual property, reputation, trade secret, or any number of other resources. Basically, it refers to any intangible asset or economic interest; not people or property.
What are some of the most common types of business tort lawsuits or claims?
- Tortious interference of contract
- Interference with employment relationships
- Commercial disparagement
- Theft of trade secrets
- Restraint of trade
- Injurious falsehoods about products or services
- Unfair Competition
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