Unfair Competition Law and Legal Definition
Unfair competition encompasses a variety of practices that cause an economic injury to a business, through a deceptive or wrongful business practice. The most popular example of unfair competition is trademark infringement. The law of unfair competition is mainly governed by state common law. In the areas of trademarks, copyrights, and false advertising federal law may apply. The Federal Trade Commission (FTC) was established by Congress in part to protect consumers from deceptive trade practices.
Unfair trade practices include, among others:
* Deceptive trade practices;
* Anti-competitive market practices;
* Interference with business relationships;
* Invasion of privacy;
* False and comparative advertising issues;
* Internet domain trademark issues;
* Misrepresentation and fraud;
* Defamation;
* Plagiarism;
* Non-compete and non-disclosure agreements;
* Trade dress and advertising compliance;
* Domain infringement and cybersquatting issues.
Legal Definition list
Related Legal Terms
- Competition in Contracting Act (CICA)
- Competition Law
- Direct Competition [Education]
- Drug Price Competition and Patent Term Restoration Act of 1984
- Fair Competition
- Full and Open Competition
- International Amateur Athletic Competition
- Motion Picture Fair Competition Act
- Non Competition Agreements
- Unfair Advantage
