- Since 1997
- Global Service
"Unfair competition" is a term that applies to dishonest or fraudulent rivalry in trade and commerce. It's a branch of intellectual property law that particularly relates to the practice of endeavoring to substitute one's own goods or products in the market for those of another for the purpose of deceiving the public.
Unfair competition is essentially a deceptive or wrongful business practice that economically harms either consumers or business entities. At its core, unfair competition is a business tort designed to stop any unfair practices that might be happening in the context of a business setting. Federal and state laws are designed to protect the economic, intellectual, and creative investments made by businesses in distinguishing themselves and their products.
Here we will focus on unfair trade practices which impact businesses and business owners. Consumers who are injured by deceptive trade practices generally seek the remedies provided by consumer protection laws.