NC Lawyers Explain Unfair Business Practices
Experienced corporate lawyers in Raleigh, North Carolina, explain unfair business practice laws and the effect of deceptive trade on the victims. Unfair business practices, unfair business competition, deceptive trade practices, and business fraud are illegal in North Carolina. An individual or business that commits these types of unscrupulous conduct may be liable for treble damages, punitive damages, costs, and attorney’s fees.
North Carolina Laws Against Unfair and Deceptive Trade Practices
Federal and North Carolina state laws prohibit corrupt business conduct. The North Carolina Unfair and Deceptive Trade Practices Act (UDTPA) is a powerful law that protects corporations and consumers from poor business practices. The UDTPA applies to anyone engaged in ‘commerce’ in this state. And while there are some exceptions for certain professions and situations for aggravated UDTPA circumstances, the gist of the law prohibits unfair commerce methods.
Examples of Illegal Business Practices
Several actions violate the UDTPA and Federal Trade Act, and businesses should be aware of these to protect themselves and confirm they operate fairly under the law. Our business lawyers in Raleigh, North Carolina, are dedicated to halting unethical and illegal operations. Below are examples of business practices that are prohibited in North Carolina:
- False advertising
- Claiming goods are of a certain quality when they are not
- Making false statements about quality
- Making false representations
- Bait-and-switch sales
- Failure to disclose material facts
- Refusing to honor a warranty or a promise
- Trademark infringement
- Misappropriation of trade secrets
- Rumormongering
Honesty, fairness, and good faith are fundamentals of a prosperous and sustainable economy. Individuals and businesses that do not adhere to legitimate business practices create an unstable economy and should be held accountable.
How Unfair Business Practices Victimize Others
Fair commerce protects consumers, promotes a strong economy, and levels the playing field so all entities may compete. Price-gouging, making claims to attract customers away from your business, or using your company’s trademark to misbrand someone else’s product are examples of business practices that a lawyer can help your company substantiate.
Victims of deceptive business practices may experience lost sales or a damaged reputation, and they can incur legal costs fighting the unfair practices. These cases are fact-specific and challenging to prove, but with a business lawyer in Raleigh, North Carolina, you can stop these acts and prevent devastating economic repercussions. Miller Law Group has the knowledge and experience to litigate business torts when another company is intentionally damaging your organization’s livelihood.
The business lawyers at Miller Law Group in Raleigh, North Carolina have over 50 years of combined experience fighting against fraud and unprincipled companies. If you’re facing a business tort or your company is the victim of unfair practices, contact our attorneys today.
