Business Tort Law and Legal Definition
Business torts are not committed against persons or property. Rather it is harm done to the organization’s intangible assets, such as its business relationships with clients or its intellectual property. It can be brought for a wrong doing in a business relationship that is not a breach of contract. For example, a party can bring a suit when they believe another party has intentionally interfered with their ability to enter into a contract or business relationship with another in a way that caused economic damage or If a party wrongfully discloses or uses the confidential information and that disclosure or use causes the other party to be damaged, the disclosing party may sue to recover their damages. Some common categories of business torts include fraud, breach of fiduciary duty, unfair competition and misrepresentation.