How does the law protect businesses from unfair competition?

The law in Maryland provides legal protections for businesses from unfair competition which is defined as any action taken by either a business or a person to gain an unfair advantage over another business. Unfair competition can range from false advertising to stealing another business’s product or confidential information, or engaging in price fixing or deceptive business practices. Under Maryland commercial law, a business has the right to obtain a court-ordered injunction to stop an act of unfair competition by another business or person. This injunction can include ordering the other business to stop its activity, pay restitution for any losses resulting from unfair competition, or disclose its confidential information. Businesses also have the right to sue for damages resulting from another business’s unfair competition. In such cases, the business can seek both monetary damages as well as punitive damages in order to make the offending business pay for the harm that was caused to the victim business. In addition, the law also provides that businesses have the right to seek an award of attorney’s fees from the other business if the case is successful. This is to ensure that businesses have access to the resources necessary to bring a successful lawsuit against those acting unfairly. Overall, the law in Maryland provides important protections for businesses against unfair competition. These protections help ensure that businesses are not harmed by those acting in an unethical or illegal manner.

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How does the law protect businesses from unfair competition?

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