What is the concept of tortious interference in a business transaction?

Tortious interference is a concept in business transaction law that applies when one person intentionally interferes with the contractual or business relationship of another. This concept is used in Florida and other states, as well as in the federal court system. Under this concept, an intentional interference with a business transaction or contractual relationship is considered a tort. A tort is a wrong committed by one person, such as trespass, negligence, or defamation, that results in harm to another. In Florida, for an intentional interference to be found tortious, it must meet certain criteria. First, the interfering person must have knowledge of the contractual relationship between the other parties. This means they must have been aware that the interference would disrupt the original agreement. Tortious interference also requires an intentional, malicious, or wrongful interference either by persuasion, influence, or inducement. In other words, the person must have deliberately interfered in the business transaction or contract with the intent to disrupt it, and with the knowledge that disruption would occur. Finally, the interference must result in an actual damage to the parties to the agreement. This harm can be economic loss, such as lost profits, or non-economic loss, such as damage to reputation or emotional distress. Tortious interference is an important concept in business transaction law that can have serious consequences. Thus, anyone who is a party to a contractual agreement should be aware of the potential consequences of intentional interference in the performance of the agreement.

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What is the concept of tortious interference in a business transaction?

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