How do I protect my business against unfair competition?

Protecting your business against unfair competition in Indiana is an important part of running a successful small business. Unfair competition can mean either an unfair advantage given to one business over another, or taking advantage of another business’s efforts. To protect your small business against unfair competition, you must follow Indiana’s laws and be aware of any illegal activity. The Indiana Business Fair Practices Act governs many activities that could be considered unfair competition, such as false or misleading advertising, copying of trade secrets, and obtaining customer lists. Additionally, under the Indiana Deceptive Consumer Sales Act, you may be able to protect your business from actions like offering “free” products that are actually bait-and-switch tactics. Additionally, it is important to be aware of the competition’s activities. Be sure to research the competition’s pricing to make sure they are not undercutting you unfairly. Additionally, if you discover any anticompetitive behavior, you can report it to the Indiana Attorney General’s Office. Finally, you can protect your business by obtaining the appropriate legal protections, such as patents, trademarks, or copyrights. This will ensure that you have exclusive rights to your ideas and protects them from competitors. With the help of an experienced attorney familiar with small business law, you can make sure your business is fully protected from unfair competition.

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