Holding Businesses Accountable For Unfair Trade Practices
The beauty of the American free market/free enterprise system is that it allows market forces to determine supply and demand, incentivizes businesses to profit through superior products and gets well-earned customer loyalty through offering quality goods and services at reasonable prices. However, occasionally, the profit motive may create an incentive for one enterprise, or business, to seek an advantage through means which constitute trade practices which may be deemed “unfair.”
Our system will not penalize a business for being successful, or for legitimately pursuing legal rights through contacts or other legal relationships which are beneficial. However, the system may break down, and the market, as well as the end user, may suffer compensable harm when a business or entity employs methods which are not permitted under statutory, contractual or common law principles and guidelines.
What Are Common Types Of Unfair Trade Practices?
Some of the types of relationships which can give rise to compensable claims including:
- Business (including insurance) fraud
- Violation of Florida’s Deceptive and Unfair Trade Practices Act (“FDUPTA”)
- Tortious interference with contacts and other business relationships
- Civil remedies for criminal acts (Civil RICO)
- Violation of non-compete agreements which are authorized by law
- Theft of trade secrets
- Business defamation
Similar claims which may give rise to lawsuits designed either to protect legitimate interests of commercial (or personal) entitles through actions for declaratory and injunctive relief, as well as through a recovery of damages can also be classified as unfair trade practices.
Contact Us To Protect The Rights Of Your Business
Zinober Diana & Monteverde P.A. is well positioned to prosecute and enforce legitimate business rights and interests which may be compromised by unsavory competition, as well as defending against unwarranted claims lodged against our clients who are appropriately exercising their rights in a free market economy. You can reach us at 855-678-3529 or by filling out our online contact form.