At the law firm of Lerner & Weiss, we vigorously represent our business clients in the area of tort law. A business tort involves the wrongful conduct of an individual or business which causes harm to another business.
Whether your business has been the victim of a tort, or you need to defend your business against allegations that your business committed a tort, the business tort lawyers at Lerner & Weiss will work on your case, leaving you free to continue the day-to-day business activities in order to minimize your loss.
Examples of Business Torts
The purpose behind business tort law is so that parties can conduct business with each other without worrying about the interference or disruption of one business by another business or third parties. There are a few business torts that arise more often than others.
- Wrongful interference with business contracts or contractual relationships. This occurs when a person or other business is aware of a business or prospective business relationship, and acts to interfere with that relationship. This may be particularly egregious since businesses run on contracts. Interference with that relationship can damage the business income and/or opportunities.
- Business Fraud or Misrepresentation. This is when a business intentionally makes a misrepresentation of a material fact in order to entice someone to enter into a business transaction.
- Breach of fiduciary duty. When a person or business has a fiduciary relationship with your business, that person or business has breached their duty when they have acted in an untrustworthy way and/or have put their needs above the needs of your business.
- Defamation. Defamation of your business occurs when an individual or business has intentionally and knowingly made false remarks about the quality of your business’s good or services.
- Misappropriation or theft of trade secrets. The theft of your intellectual property, including trade secrets, by an employee, former employee or anyone else is a business tort.
- Computer torts. If someone intentionally or negligently causes damage to computer hardware or software and, by doing so, interferes with the ability of the business to do profitable business, that person has allegedly committed a business tort.
Remedies for Business Torts
The remedy is to compensate the business for its loss. The damage that was done needs to be converted to dollar figures so the business that was harmed can be reimbursed for its loss. In addition, an injunction might issue, ordering, for example, one business to stop running false ads against the other. Finally, when the intentional act of an individual or business is particularly egregious, punitive damages may be awarded. Punitive damages are intended to punish wrongful actors for their bad conduct.
If your business has suffered a tort that has interfered with your ability to earn income, or has compromised your reputation, contact one of our business tort lawyers at Lerner & Weiss. We also defend our business clients if they are alleged to have committed a business tort. Whatever your needs are for a business law attorney, contact us as soon as you become aware there my be am issue.