“Torts” is a legal term that means “harm inflicted”. The harm could be done accidentally but in most cases, the result is either a malicious act or just plain negligence. The law clearly states any harm done to another person or business entity should never go uncorrected. It also states the party who was caused harm should be held accountable for their actions while the individual harmed should be compensated for any damages resulting.
In most tort cases the harm done will be displayed with physical force to an individual or property, whereas business torts refer to damage done to an actual company or within a business setting. Intangible assets are typically the focal point where damage is inflicted, meaning the target action can impact a company’s relationship with other brands or its reputation, subsequently resulting in financial losses that give the go-ahead to seek rightful compensation from the tortfeasor.
Examples of Business Tort Occurrences:
- Misrepresentation
- Breaches of fiduciary duty
- Tortious interference with contract
- Tortious interference with prospective business relations
- Sharing of confidential information
- Fraud
- Unfair competition
- Business disparagement,defamation,rumor spreading
- Theft of trade secrets
- Misuse of intellectual property
Repayment for Business Torts
With the help of a business litigation attorney, you could be awarded damages for one or more damages claims. It’s crucial to take immediate legal action when filing a business tort claim, whether the damage is done immediately or ongoing. A few examples that are granted to the defendant are as followed:
- Punitive damages are granted to plaintiffs when defendants act in a malicious manner. This penalty is to deliberately make the defendant second guess any mistake or vindictive actions.
- Compensatory damages, which is the money awarded to a plaintiff to compensate for perceived damages or an incurred loss. These losses are awarded in a civil court case for the unlawful conduct of another party.
- Unfair and deceptive trade practices.
- Injunctive Relief, which is a court order to stop a specified behavior or act of the offending party.
- Intellectual property and trade secret damages.
If you do file a business tort claim it can enable you to receive financial compensation for such damages. You could also have the damage that was done reversed to protect your company’s reputation and to protect any unforeseen attacks in the future. After all, if a favorable ruling is won, the court of public opinion may understand that you were wronged and will not allow such injustices to harm your business integrity.
Settle a Business Tort in Arizona
If you decide you have been harmed by a business tort claim, your next step should be to schedule a consultation with a seasoned, well-trained commercial litigation attorney. For cases in Arizona, you’d be wise to find a law firm that displays the same level of professionalism and experience as Enara Law. As your legal representation, Enara Law can perform the following tasks and more:
- File a business torts claim
- Determine which form of dispute resolution is ideal for your case to settle your business torts lawsuit
- Represent you through any and all negotiations, court proceedings, and/or trial
Enara Law is invested in doing right by their clients. That’s why they operate with no billable hours and always put the interest of their clients first. They will take the time to understand your company’s specific situation and ultimate goals before executing a well planned legal strategy.