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What are examples of unfair competition in business?

No one likes to be copied or manipulated. In fact, New Jersey parents may be used to breaking up arguments between their kids when allegations of imitation arise between brothers and sisters. While intra-family arguments of this type might be annoying, they are certainly not crimes. However, when businesses copy or take ideas from each other, legal problems may come up.

Unfair competition in business can occur when one business uses the information of another business to the other business's detriment. Detriment in this context is usually measured by financial loss; unfair competition is harmful to businesses when it creates economic hardships for those that are victimized by the deceit of others.

There are many types of unfair competition in business. For example, the misuse of a business's trademark or trademark infringement can constitute unfair competition. Deceitful practices, such as misappropriation and false advertising, can also arise to the level of unfair competition. When unfair competition occurs, businesses that suffer harm often have recourse against the perpetrators for their economic losses.

Recovering losses from a case of unfair competition often requires the initiation of business litigation. Harm that occurs due to these types of business problems is generally covered by tort law, and individuals who believe that their entities may have been victimized by unfair competition may want to explore their options for recovery. Competition is a part of life for many Moorestown residents. It has its place and context, but in business it can be a damaging practice for those who are harmed by the deceitful practices of others.

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