Business Torts

Torts are civil wrongs recognized by law as grounds for a lawsuit. These wrongs result in an injury or harm constituting the basis for a claim by the injured party. While some torts are also crimes punishable with imprisonment, the primary aim of tort law is to provide relief for the damages incurred and deter others from committing the same harms. Business torts generally involve damage to a business. The most common business torts are fraud, mismanagement, usurpation of a corporate opportunity, misappropriation of trade secrets, infringement of intellectual property, violation of a covenant not to compete or nondisclosure agreement, and unfair competition.