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LSDefine

Simple English definitions for legal terms

Unfair competition

Read a random definition: comparative advertising

A quick definition of Unfair competition:

Unfair competition is when a business does something wrong or sneaky that hurts another business. This can include lying about their products, stealing secrets, or tricking customers. It's against the law and can cause a lot of problems for everyone involved. Some unfair competition is against federal law, but most of it is decided by each state's rules. The government tries to stop unfair competition to protect consumers and businesses from harm.

A more thorough explanation:

Unfair competition is a type of business practice that causes harm to a company through deceptive or wrongful actions. There are two main categories of unfair competition:

  • Deceptive trade practices, which are meant to confuse consumers about the source of a product
  • All other forms of unfair competition, which are known as unfair trade practices

Examples of unfair competition include:

  • Trademark infringement, which is when someone uses a company's logo or name without permission
  • Misappropriation, which is when someone uses a person's name or likeness without permission
  • False advertising, which is when a company makes false or misleading claims about their product
  • "Bait and switch" selling tactics, which is when a company advertises a product at a low price but then tries to sell a more expensive product instead
  • Unauthorized substitution of one brand of goods for another, which is when a company replaces a product with a different one without the customer's knowledge
  • Use of confidential information by former employees to solicit customers, which is when a former employee uses their knowledge of a company's customers to start their own business
  • Theft of trade secrets, which is when someone steals a company's confidential information
  • Breach of a restrictive covenant, which is when someone violates a contract that restricts their ability to compete with a company
  • Trade libel, which is when someone makes false statements about a company's product or service

The law of unfair competition is mainly governed by state common law, but federal law may apply in certain situations. The Federal Trade Commission (FTC) was established to protect consumers from deceptive trade practices, which indirectly protects competitors as well. Some states have enacted legislation dealing with specific types of unfair competition.

These examples illustrate how unfair competition can harm a company's reputation, sales, and customer base. It is important for businesses to protect themselves from unfair competition and for consumers to be aware of deceptive practices.

Unenforceable | Unfair Labor Practices (ULPs)

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@c0bra1: I put Apple Inc. in my resume
14:19
I wrote Raytheon instead of RTX since its more recognizable
14:19
[deleted by starfishies]
14:20
@bonelesscannoli: swagalicious i will add the inc.
14:20
[deleted by starfishies]
@c0bra1: U work in retail?
14:21
im assuming he was an intern
14:24
@bonelesscannoli: no i interned also i hate this 15 message limit
14:25
howd you manage the internship? theyre super competitive
@c0bra1: I gotcha
14:31
@NemoPropheta: mine was on a chill team so i had a good time, but apple works like a bunch of little companies that report to the same ppl so its a little isolating if you're not in the same office/don't go out much. i didn't take RO to intern again
14:32
i applied cold and happened to team match well from something i did on a prior internship
@Sex-Drive: we have entirely different living standards if you think 60k is "hardly anything to live off of:"
i make around that in a hcol area and feel like im balling out while saving over 20% of my income
@Sex-Drive: Seconding what Windy's saying. I live in a LCOL and I'm fully able to support myself and my family on my paycheck alone. $60k in a HCOL while single was living check to check.
14:55
[deleted by starfishies]
not to be a boomer but i think people need to realize that you are supposed to be broke in your early 20s
oh no its dk again
What did they even post?
probably calling me an anti-hispanic slur
if I want to transfer to nyu is it better to go to washu or cardozo
(also why does nyu accept so many transfers from brooklyn lmao, what other t125 will let you transfer that high)
15:07
transferring is grades dependent so "better" is a little weird to define - a lot of ppl don't want to give up schollys/networks for ranking purposes. that being said im going to dozo and hoping for a nyu transfer lol
15:08
i think they take a lot from brooklyn just by the nature of being a nyc school. 3 out of 15 transfers out of cardozo went to nyu last year which is technically a good sign but you'd consider that the rate of ppl at washu wanting to move to nyc and pay sticker after a year is probably lower than the rate of ppl at nyc schools who want to
15:09
i dont really know how important it is to be median vs 75th of transfer gpa but id imagine keeping a B+/A- average is pretty hard in 1L and easier said than done
15:58
my bitches shaking ass with they hand out
NosyBeagle
16:49
did someone say shaking ass
16:55
im crashing out
im locking in
I'm locking [my daughter] in [the basement]
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