Atlanta Business Torts Attorney
Businesses today face a very challenging economic climate. Business owners must try to protect themselves from the competition, as well as manage their public reputation. Businesses can face many different types of threats, such as theft of trade secrets and defamatory comments. If you are currently experiencing a legal issue, our Atlanta business torts attorney can provide legal representation so that your hard-earned investment is protected.
Understanding Business Torts
A tort is a legal term that refers to a civil wrong that damages or injures someone. When those same wrongs are committed against a business, they are known as business torts. Business torts may not seem very serious, but they can result in significant financial losses for the affected business. These losses may come in the form of reputational damage, lost business opportunities, and even liquidation. Some of the most common business torts involve the following:
- Disparagement: A competitor may make false claims about a business, whether they are about the behavior of the business owner or about the quality of the business’ goods.
- Breach of fiduciary duty: A fiduciary is an individual who has an ethical or legal relationship with one or more people. Their duties in a business may include handling money or managing certain assets. A breach of fiduciary duty, such as embezzlement, can cost a business millions of dollars.
- Restraint of trade: A business contract cannot prevent a business owner or other party from exercising their legal rights.
- Fraud: Contractors and employees alike can steal from a business and use the funds for their own benefit.
- Theft of trade secrets: Many businesses are built on trade secrets. It is these that make many companies so successful. Customer lists, formulas, and confidential data are just some common types of trade secrets.
- Unfair competition: Competitors can sometimes damage another business by using a logo or trademark that closely resembles another business. This can create confusion in the marketplace.
What to Do When a Legal Issue Arises
If you suspect that your business has become a victim of a business tort, the first thing you should do is contact an Atlanta business torts lawyer. A lawyer will take action right away, such as documenting any suspicious activity, which can serve as very valuable evidence.
A lawyer can also help you calculate the losses, known as damages, your business has suffered. Pursuing damages is the main remedy for business torts. Sometimes, calculating the losses is easy. For example, if an employee embezzled money, the losses would be approximately equal to the amount of funds embezzled. On the other hand, if a competitor used a trademark similar to yours, those damages would be harder to calculate.
A lawyer may also seek an injunction which can put an immediate stop to any damaging behavior. Requesting an injunction can become very complex, so it is important to work with a lawyer.
Our Business Torts Lawyer in Atlanta Can Help Your Company
If your business has suffered harm due to another person’s wrongdoing, our Atlanta business torts lawyer at Carroll Law Firm, LLC, can help make things right. Call us now at 404-816-4555 or contact us online to schedule a complimentary consultation and to learn more about how we can help.