Businesses are the driving force of the United States and Texas economies, and employ millions of Americans and Texans. These businesses face many legal and illegal challenges including fierce competition from other businesses that sometimes use unfair business practices as well as dishonest officers, partners, owners, and employees that breach fiduciary duties. From business torts such as fraud, theft of trade secrets, & misrepresentation lawsuits to breach of contract lawsuits, it is important to have a good Texas business litigation lawyer representing your business and protecting your business assets.
Texas Theft of Trade Secrets Lawsuits and Texas Breach of Fiduciary Duty Lawsuits
Officers and employees that wrongfully steal intellectual property including theft of trade secrets, customer lists, patents, and copyrights can be held liable by Texas courts for breach of fiduciary duty, conversion, fraud, and other business torts. As the intellectual property owned by a business becomes more valuable and easier to steal through technology, it is increasingly important for businesses to protect their intellectual property as well as to make an example of officers, business partners, independent contractors, and employees that steal intellectual property.
In moving forward on a Texas Breach of Fiduciary Duty Lawsuit against a former corporate officer or a Texas Theft of Trade Secrets Lawsuit against a former employee and their new company, it is important to have an experienced Texas business litigation lawyer or Texas business tort litigation team that is able to review and prosecute your Texas Theft of Trade Secret Lawsuit, Texas Breach of Fiduciary Duty Lawsuit or other Texas Business Tort Lawsuit.
Texas Negligent Misrepresentation Lawsuits and Texas Fraudulent Misrepresentation Lawsuits
Texas has business tort laws against both fraudulent and negligent misrepresentation that can be brought against businesses and individuals that make false statements that cause significant damages. Under Texas negligent misrepresentation law, a business or individual "who, in the course of his business, profession or employment, or in any transaction in which he has a pecuniary interest, supplies false information for the guidance of others in their business transactions, may be subject to liability for pecuniary loss caused to them by their justifiable reliance upon the information, if he fails to exercise reasonable care or competence in obtaining or communicating the information." described by the Restatement (Second) of Torts Sec. 522. See Federal Land Bank Ass’n of Tyler v. Sloane, 825 S.W.2d 439, 442 (Tex. 1991).
In moving forward on a Texas Fraudulent or Negligent Misrepresentation Lawsuit against a corporation, partnership, limited liability company, professional corporation, individual, or other business, it is important to gather evidence of the misrepresentation and to have an experienced Texas business misrepresentation lawyer or business tort litigation team that is able to review and prosecute your Texas Fraudulent or Negligent Misrepresentation Lawsuit.
Texas Intentional Interference with a Business Contract Lawsuits and
Texas Unfair Business Competition Lawsuits
Unfair business competition actions arise when a business uses unfair business practices to damage another business or put them out of business. Examples of unfair business competition occur when a competing business intentionally steals trade secrets, releases false press releases, uses short term predatory pricing, demands exclusive contracts from suppliers, forces lenders to call in loans, steals business, or spreads false information in the business community to damage another business or put the business out of business. Because of the size of many small business, losing a major contract, having a supplier stop providing supplies, having a lender call in a loans, or one false press release can cause significant damage and even bankruptcy for the small business.
Texas Business Tort Lawsuits, Texas Business Tort Arbitrations, Texas Breach of Contract Lawsuits, Texas Decepetive Trade Practice Act Lawsuits, and Texas Unfair Business Competition Lawsuits
Texas Business Tort Lawsuits and Texas Business Tort Arbitrations are forms of commercial litigation that require specialized knowledge of not only the law, but an understanding of the businesses and parties involved in the commercial litigation. For more information on Texas Theft of Trade Secret Lawsuits, Texas Misrepresentation Lawsuits, Texas Unfair Competition Lawsuits, and other Texas Business Tort or Breach of Contract Lawsuits click on this link.
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