What is a tortious interference with prospective business relations?
Tortious interference with prospective business relations is a type of unfair competition law in South Dakota. This law prevents business owners from engaging in any type of behavior that interferes with the ability of another business to make or keep a contract. The purpose of this law is to protect businesses from unfair or unethical practices used by competitors to gain a competitive edge. To be considered a tortuous interference with prospective business relations, the act must be intentional and malicious. This means that the wrongdoer must have intended to harm the other business by interfering with a prospective or existing business relationship. Examples of this type of interference may include making false statements about a business to prospective customers, bribing or threatening a party to break an agreement, or engaging in acts that create distrust between the parties. In South Dakota, tortious interference with prospective business relations is considered to be an intentional tort. This means that the wrongdoer may be held liable for damages in civil court. Damages may include monetary compensation for any losses suffered by the business due to the tortious interference. In addition, punitive damages may also be awarded in cases of intentional and malicious acts.
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