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Frequently Asked Questions About Business Torts

Business torts can cause financial harm. At The Law Office of John A. Fialcowitz, LLC, I try to help my clients understand the law and their options. Below are some frequently asked questions that can offer more information on business torts.

What are some examples of business torts?

A business tort is the infringement of a right (other than under contract) that can lead to legal liability. Examples of business torts include:

  • Breach of fiduciary duty: Where a party with a legal obligation to act in another party’s best interest fails to do so
  • Fraud: Deliberate deception to secure unfair or unlawful gain
  • Unfair competition: Practices, such as trademark infringement or false advertising, that harm a business’s market position

Business owners who can identify these potential business torts can take legal action.

What steps can I take if I suspect another business has wronged my business?

If you suspect a business tort has been committed against your business, you can:

  • Collect and secure all relevant documents, communications and records that support your claim
  • Seek legal advice from an attorney to understand your rights and the viability of your case

By taking these steps, you can increase the likelihood of a favorable outcome.

What are some examples of business tort remedies?

There are several remedies available for business torts, including:

  • Compensatory damages: Financial compensation for the losses suffered due to the tort
  • Punitive damages: Additional financial penalties intended to punish the wrongdoer and deter similar conduct in the future
  • Injunctive relief: A court order requiring the offending party to stop the harmful activity, preventing ongoing or future harm

These available remedies can help businesses seek appropriate compensation.

Talk To Me About Your Case

With over two decades of experience as a business litigation attorney in Morristown, New Jersey, I can offer highly effective counsel and advocacy. Call 973-813-7227 or fill out my online contact form today to schedule your first consultation.