Understanding some of the state laws about unfair competition is essential when you live in a state like Illinois because it could affect the behavior businesses engage in with other companies. In fact, in this state, it’s important that you safeguard and protect yourself from these practices, which have been proposed by both the state and federal regulations.

Unfair Competition: What It Involves

Normally, the unfair competition law goes into effect when intentional actions from the company have been made to confuse clients about the activity that the business will practice. All of this is a business tort that entities could even sue you for based on how it could have a negative impact on revenue streams for companies. Another section of this law will revolve around deception being done in certain business practices. It might encompass a different type of competition through the unfair behavioral practices that a company has chosen to participate in. Even when it happens in a state like Illinois, the business affected could choose to file a lawsuit against the company that instigated it.

Deceptive Business Practices

Some of the statutes that have involved unfair business will usually include an illegal activity where the company engaged in inappropriate, unfair or deceptive actions in business. A situation like this will usually include problems with false advertising, trademark infringement, using confidential data or bait and switch tactics. It might also include the theft of specific trade secrets and complications, which are quite common. Many times circumstances like this will have a negative impact on the entity in cruel ways that take place over a long duration of time if the company has chosen not to fight back through lawyers.

Misinformation and Misdirection

One of the ways that businesses violate the unfair competition law is when they direct customers away from a company. This classifies as unfair competition, and it could cause a significant drop in sales if they directed customers over to the products of a different company that they had purchased from before. Many times this will happen as a result of producing similar items that have appeared within the same brand as what you have with the original company. Trademark infringement is another problem, and it will usually connect a different entity to some of the violations that happen as a result of intellectual property protection.

Another way where this lawsuit can take place is when misinformation causes the company to lose sales because of false details. For example, this could include an allegation of a soft drink having mercury or lead in it. The unfair competition law falls under the Uniform Deceptive Trade Practice Acts out of Illinois. This law prohibits people from making fraudulent advertisements. It also gives an individual the power to raise legal action against a company that has caused these damages because of deceptive practices due to unfair competition. When you hire an Illinois business lawyer for this situation, you should reference the economic relationship and how the person faces a negative impact from it.