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LSDefine

Simple English definitions for legal terms

Unfair competition

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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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Denny
16:08
thats all i gotta say about that
Denny
16:08
if you a bonafide scrub you better be scrubbing something bonerfide thats all i gotta say about that
babycakes
16:08
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Denny
16:09
@babycakes: for obvious reasons
BlueFalcon95
16:12
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Denny
16:14
what the hell are you even talking about
BlueFalcon95
16:15
https://cdnjs.com/ Almost 13% of the internet uses them. Might as well just say never link me anything again.
BlueFalcon95
16:15
even this website uses em.
Denny
16:21
good point
Denny
16:21
never link me anything again
Mostlylegal
16:35
excuse my charisma, vodka with a spritza
llama
18:09
Waves td? Where dey at doe
20:08
i got nothing today
llama
20:19
Just keep swimming!
tmrw wave predictions?
I am waiting on smu and texas a&m!
and on vanderbilt
vanderbilt's waitlist*
MrThickRopes
21:15
DECISIONS TMRW??
MrThickRopes
21:15
WHAT WE GET
MrThickRopes
21:15
FO PM TMRW WAT WE GET
llama
21:36
@MrThickRopes: ROLLTIDE 'BAMA baby!
21:43
this chat will be so much less hype next cycle w/o mtr
MrThickRopes
22:31
Wen we gedda deciisuns
MrThickRopes
22:31
Decisins
[] c0bra1
23:02
not in the next 10 hours
[] c0bra1
23:02
watched pot never boils
MrThickRopes
23:35
beuh
MrThickRopes
23:35
i ain veen slept bruh
MrThickRopes
23:36
how much longer i godda stay uppp
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