Unfair Trade Practices
Every business continually seeks ways to beat out competitors, but sometimes they go too far. Any time a business engages in trade practices that are fraudulent, deceptive, dishonest or prohibited by law, it is considered an Unfair Trade Practice. Laws exists to protect businesses and consumers from unfair trade practices to promote good will between consumers and businesses. They also ensure businesses strive to create better products than competitors, rather than producing copy-cats.
Businesses injured by unfair competition have two basic remedies available to them. They may seek injunctive relief from the court in the form of a cease-and-desist order, or they may seek monetary damages for the losses suffered by the business because of the unfair trade practices.
To protect their interests, now and in the future, businesses should seek the counsel of an experienced business attorney like Frank Lamothe. Contact our office today so that we may evaluate your case and help you determine your rights and protections under the law.