Business

How to Know if Your Queen Creek Business is Facing Unfair Competition

How to Know if Your Queen Creek Business is Facing Unfair Competition

How to Know if Your Queen Creek Business is Facing Unfair Competition

Here are a few ways you might know if your business is facing unfair competition!
Queen Creek, Arizona

 

Laws are in place to protect your business against unfair competition. These laws are primarily broken down into two categories: Those that regulate practices that are meant to cause confusion about the source of a product and those that regulate unfair trade practices.

If you suspect that your Queen Creek business is the victim of unfair competition, it is important that you work with an experienced business lawyer to represent your interests. Here are a few ways you might know if your business is facing unfair competition:

Trademark or Copyright Infringement

Trademarks and copyrights exist to protect your products, unique processes, branding and other intellectual property belonging to your company. However, some competitors may still produce a product remarkably similar to yours or rip off your branding. They may do so thinking that either won’t get caught or that you won’t take the time to pursue legal action.

It is important that you hire a business lawyer to fight trademark and copyright infringement. If you don’t, you’ll be losing money and allowing another company to dilute your brand, thereby losing you even more customers.

Misappropriation

Misappropriation occurs when another business uses your product and claims it as their own. The law originated with a case of a newspaper lifting stories from The Associated Press wire service and claiming it was their own work. Misappropriation is similar to trademark and copyright infringement, but it typically involves an intangible item, such as the newspaper articles.

Libel and Slander

Other businesses can practice unfair competition by maligning your brand and trying to drive away customers. Libel includes written statements that incorrectly defame a business, such as an advertisement that wrongly claims you produce a harmful product. Queen Creek business lawyersSlander includes spoken statements that defame your business, such as a person spreading rumors about your supposedly harmful product.

Both libel and slander must involve statements that are untrue, and the burden of proof is on you.

Unfair Pricing

Competitors can work together to set their prices to undersell you and drive you out of business. Or one competitor could sell their products at an extreme loss, again driving you out of business because you are not able to compete. Unfair pricing laws include a variety of situations, and an experienced business lawyer can help you understand what practices fall under these laws and what you can do about them.

If you believe that you are the victim of unfair competition, you should call the Buntrock Law Group in Queen Creek. We represent clients throughout the state in a variety of cases involving unfair competition or other business matters, such as mergers and acquisitions, corporate governance, or trade secrets. Other unfair competition cases we represent include false advertising, bait and switch selling, and unauthorized substitution. An experienced Queen Creek business lawyer from our team will help you understand the laws that apply to your case and explain your legal rights. Call us today to start fighting the unfair competition practices that unethical businesses in your niche are engaging in.

Buntrock Law Group in Mesa ArizonaPublished By:

Buntrock Law Group, PLLC

2158 N. Gilbert Road, Suite 119
Mesa, AZ 85203

Phone: (480) 664-7728
Email: [email protected]

Why There is a Need for a Buy-Sell Agreement among Business Owners

What is the market value of Arizona Beverage Co., the maker of Arizona iced tea? A New York judge will decide the valuation question soon since the company’s founders have been unable to agree on value. The founders have been in a lawsuit for over 4 years on the issue of valuation. One of the reasons for the dispute was due to a prior agreement between the founders that said neither could sell their shares without the other’s consent. Another likely reason is there was no further agreement on the method and manner of company valuation. The gap between the founders’ opinion of value are wide, kind of like the Grand Canyon. One side believes the value is $500 million and the other believes the value is $3-4 Billion.

This story puts a spotlight on a need for an agreement among business owners, commonly called a “buy/sell” agreement. These agreements can bring clarity and consensus to valuation, avoid surprises and deter litigation which costs time and money. If your business does not have one, or it has one but has not been looked at for some time, contact me for a check up on your succession plan. We can review your existing agreement if you already have one and either amend it or create one that is customized to your business. Call (480) 664-7728 today.

Buntrock Law Group in Mesa ArizonaPublished By:

Buntrock Law Group, PLLC

2158 N. Gilbert Road, Suite 119
Mesa, AZ 85203

Phone: (480) 664-7728
Email: [email protected]