What are business tort claims?
What are the most common types of business tort claims?
When business tort claims arise, they refer to injuries that occurred to a business asset. "Tort" refers to an injury.
A business tort is a wrongful act committed by one party against another party's business entity that causes financial or economic loss and is usually intentional, but can also be a result of negligence or recklessness.Business entities who were wronged typically seek monetary damages in civil court. Additionally, when taken to court, a business can seek an injunction. An injunction, if granted by the court, will order the defendant to cease committing the unlawful acts.What are some examples of business assets?A business asset could refer to a business relationship, intellectual property, reputation, trade secret, or any number of other resources. Basically, it refers to any intangible asset or economic interest; not people or property.What are some of the most common types of business tort lawsuits or claims?
- Fraud
- Negligence
- Misrepresentation
- Tortious interference of contract
- Interference with employment relationships
- Commercial disparagement
- Theft of trade secrets
- Defamation
- Restraint of trade
- Injurious falsehoods about products or services
- Unfair Competition
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