What types of activities can constitute unfair competition?

In Texas, unfair competition is a form of deceptive business practices that harm a company’s competition or business interests. These activities include false advertising, misappropriation of trade secrets, poaching of customers or employees, and more. False advertising happens when a company deliberately misleads potential customers in order to gain an advantage over their competition. This could include making false or misleading statements about a product or service, or exaggerating the features or benefits of a product. Misappropriation of trade secrets is when a company steals confidential information or intellectual property from another business. This could include taking a competitor’s customer list, recipe, or manufacturing process, without the permission of the owner. Poaching of customers or employees is when a company tries to gain an advantage by recruiting customers or employees from its competitors. This could include offering special deals or incentives to entice customers away from a competitor, or offering higher wages or better benefits to lure employees. Finally, it is important to note that unfair competition doesn’t just apply to business-to-business situations. Companies can also engage in unfair competition against consumers, such as manipulating pricing or excluding certain customers from products or services. Overall, unfair competition is an area of law that can be tricky to navigate, so it is important for businesses to be aware of the various activities that could constitute it in order to avoid any legal problems.

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What types of activities can constitute unfair competition?

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