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

For more information, send us a message.