MVP Injury Law Illinois

Business Torts

What you should know

Business torts, also called “economic torts,” are wrongful acts committed against business entities — often intentional but sometimes due to negligence or recklessness — that cause (or are likely to cause in the future) some kind of financial loss. They are not criminal offenses, although some business torts also may be charged as such (including restraint of trade in some cases).

Businesses that are financially injured through the intentional or negligent act of another business or individual may seek monetary damages in civil court, although sometimes courts will issue injunctions ordering the defendant to cease certain unlawful activities. Common forms of business torts include: tortious interference with business or contract; theft of trade secrets; fraud; restraint of trade; trade libel; commercial disparagement; breach of fiduciary duty; unfair competition and shareholder rights and derivative actions.

We also provide concierge services for corporations and business entities that require ongoing legal counsel which includes starting up and running a business.

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For additional questions and information, please feel free to call us at 312.883.9500, or email us at info@mvpinjurylaw.com