Safeguarding Your Business: Unfair Competition and Tortious Interference

Introduction

In today’s competitive business environment, allegations of unfair competition and tortious interference are not uncommon. This post will provide an overview of these legal concepts and offer strategies to shield your business from such claims.

Unfair Competition: An Overview

Unfair competition encompasses several types of business conduct that can harm another business or mislead consumers. This includes trademark infringement, false advertising, and trade defamation.

Tortious Interference: An Overview

Tortious interference occurs when a third party intentionally damages the business relationship between two parties, causing economic harm. This can take the form of interference with contractual relations or with prospective business advantages.

Strategies for Protection

Here are some strategies to protect your business against unfair competition and tortious interference claims:

1. Understand the Law: Familiarize yourself with both federal and Washington State laws related to unfair competition and tortious interference. Knowledge of the law can help you avoid practices that might lead to legal trouble.
2. Implement Good Business Practices: Establish clear policies for advertising, branding, and other business practices. Ensure all employees understand these policies.
3. Monitor the Market: Keep an eye on what your competitors are doing. If you notice potential unfair competition or tortious interference, consult with a legal professional.
4. Maintain Strong Business Relationships: Strong relationships with clients, suppliers, and partners can help protect against tortious interference claims. Regular communication and contract reviews can help identify and address potential issues early.
5. Seek Legal Counsel: If you’re facing unfair competition or tortious interference claim, it’s crucial to seek legal counsel. An attorney experienced in business and real estate litigation can help you navigate the legal process and defend your business.

Conclusion

Facing unfair competition or tortious interference claim can be daunting, but with the right knowledge and strategies, you can protect your business and continue to thrive in the marketplace. If you have questions about this topic or any other employment matter, the attorneys at Beresford Booth can help you. Please contact us at info@beresfordlaw.com or by phone at (425) 776-4100.