Unfair Business Competition
At the law office of Grazi & Gianino, our business lawyer knows the intricate matters of unfair business or trade competition. We have handled many such cases under a wide variety of topics. Unfair business or trade competition is any fraudulent, deceptive, or dishonest trade practice that is prohibited by statute, regulation, or the Common Law.
The law of unfair competition serves five purposes. First, the law seeks to protect the economic, intellectual, and creative investments made by businesses in distinguishing themselves and their products. Second, the law seeks to preserve the good will that businesses have established with consumers. Third, the law seeks to deter businesses from appropriating the good will of their competitors. Fourth, the law seeks to promote clarity and stability by encouraging consumers to rely on a merchant’s good will and reputation when evaluating the quality of rival products. Fifth, the law seeks to increase competition by providing businesses with incentives to offer better goods and services than others in the same field.
Although the law of unfair competition helps protect consumers from injuries caused by deceptive trade practices, the remedies provided to redress such injuries are available only to business entities and proprietors. Consumers who are injured by deceptive trade practices must avail themselves of the remedies provided by state and federal Consumer Protection laws. In general, businesses and proprietors injured by unfair competition have two remedies: injunctive relief (a court order restraining a competitor from engaging in a particular fraudulent or deceptive practice) and money damages (compensation for any losses suffered by an injured business).
If you or your company is in need of legal advice and/or representation for an unfair business or trade competition matter in Stuart, FL or Martin County, Fort Pierce and Port St. Lucie or St. Lucie County, Vero Beach or Indian River County, Okeechobee or Okeechobee County, West Palm Beach or Palm Beach County, or surrounding areas, please call the Stuart, Florida business attorney of Grazi & Gianino now at (772) 286-0200.