In business law, business torts may be used to hold people or businesses accountable when they cause harm. This is particularly important when it comes to the financial impact on businesses, because losses could harm a business or go as far as to make it shut its doors.
Business torts are a way of holding others responsible for the actions that have negatively impacted a business. These generally require immediate legal attention to make sure that the cases don’t drag out in court for many years.
Three common kinds of business tort cases include:
- Tortious interference
With a tortious interference case, a person intentionally damages or attempts to damage a business or contractual relationship. This might be someone who is a part of the contract or a third party looking to interfere with a contract. Usually, the goal is to see financial gains from damaging the contract.
- Negligent misrepresentation
The next kind of business tort case that comes up is a negligent misrepresentation case. Negligent misrepresentation is not necessarily intentional, unlike fraud cases. With this kind of case, a party could say things to another that they believe to be true with no substantial evidence. They may misrepresent themselves or their brand in a way that influences a contract negatively in the future.
- Fraud and conspiracy
The third kind of business tort seen often in law is fraud and conspiracy. Fraud doesn’t need to mean that one party said something fraudulent. Instead, simply omitting information could be enough to constitute fraud. Lies or omissions of fact could constitute fraud in these cases.
Resolve your business tort case
These three kinds of business tort cases can be difficult to deal with. Whether your business is being accused of them or you want to hold another business accountable, you will need to gather evidence and build a case against the offending party or work to develop a defense for yourself. As a business owner, you know how damaging these business tort issues can be, so it’s valuable to know your legal rights and options to resolve these problems as soon as you can.