Unfair Trade Practices: What You Need To Know
When businesses engage in unfair business practices, it can hurt consumers and other entities as well as expose those businesses to liability. There are federal and state laws in place to prevent these types of behaviors and ensure fair competition for all in a particular market. Businesses who fail to follow these laws can be held liable for damages that occur as a result.
Common Examples Of Cases We Have Handled
Harty Law Group has helped clients throughout New Jersey and Pennsylvania understand their options. We are committed to answering any questions you have along the way. The Federal Trade Commission regulates many business practices beyond just mergers and acquisitions, and it’s important to be aware of them. Other unlawful practices include:
- False advertising
- Trademark or intellectual property infringement
- Violation of noncompete agreements
- Undue influence
- Theft of trade secrets
Consumers benefit from a free market that provides them with options to get what they need. When a business uses unlawful or unethical behaviors to dominate the market, other businesses may not be able to compete. The FTC is continuously reviewing business practices to determine what constitutes a violation of unfair competition laws.
Businesses may pursue an antitrust claim if they feel they have been the victim of unfair trade practices. If successfully argued, they can force their competitors to change their practices or recover damages to cover their losses. Businesses found to be in violation of antitrust laws may face civil or even criminal penalties.
Call Our Office Today To Get Started
It’s important to talk to an experienced attorney before it is too late. Located in the heart of Old City, we have worked with clients who own businesses of all shapes and sizes throughout Pennsylvania and New Jersey. Call us today at 267-383-3899 or contact us online.