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Business Torts Archives

How to identify tortious interference

Competition between markets is a necessary element of a healthy economy. Occasionally, this competition takes an unnecessary turn and crosses the line of proper and lawful conduct and into the realm of improper business practices. When a business interferes with the relationships of a competitor or their contracts with other companies with the intent to cause financial harm, they may wind up getting sued for tortious interference.

The reasonable restraint of trade

Restraint of trade is essentially the unlawful act of preventing someone from doing business. Although alone it is not a tort, it is a legal doctrine that relates to a wide range of torts that unlawfully restrict a business's operation. While the idea of a restraint of trade may be easily understood as an unlawful practice, it is not always illegal. In fact, some forms of restraints of trade are legitimate and can be upheld by the court.

Accusations of wrongdoing costs businesses in many ways

If you are a business owner, you have many concerns to occupy your time.  Running a company is more than a full-time job; it is an all-encompassing endeavor to which you must dedicate the majority of your life. While no one is guaranteed success, neither should anyone's efforts be unfairly stifled by false allegations of wrongdoing.

Philanthropist files suit claiming he was victim of fraud

Everyone should know that when it comes to investing, there are no sure things. But if you decide to put money into a new venture, you have every reason to expect that your investment will be used to help build the business. Unfortunately, sometimes people buy into a project only to discover later that they have been victims of fraud.

Federal acts may help you counter unfair business practices

They say all's fair in love and war, but what about business? Well, fortunately, business relies on laws to allow everyone a fair shot at succeeding in the marketplace. And while most companies and individuals understand where the lines are drawn, there are those who will do whatever they think they can get away with in order to gain the upper hand.

A business can take protective measures to protect bank accounts

Almost all businesses, regardless of type or size, conduct at least some of their accounting-related work online. This may include taking orders and accepting payments from customers via the company's website, or making bank transactions. The fact is, most businesses simply could not function without being able to move funds via the Internet.

Equity-skimming scam targets Florida homeowners

Florida homeowners have had much to feel good about due to the real estate recovery that has taken place in recent years. Home values have been going up and so has the equity attached to the homes. But when an industry becomes infused with money, it often is also infused with fraudsters looking to take advantage of people who are experiencing financial setbacks.

How do I reconcile bank accounts to prevent embezzlement?

As a business owner, you have plenty to worry about when it comes to financial matters. In order to keep the doors open, you must maintain a steady profit. You can ill-afford to suffer an unnecessary economic loss due to an employee illicitly taking your funds.