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Unfair competition: This term is sometimes used specifically to refer to torts that confuse consumers about the source of a product, known as deceptive trade practices. Unfair trade practices: This category includes all other forms of unfair competition not directly related to consumer confusion.
17.46. DECEPTIVE TRADE PRACTICES UNLAWFUL. (a) False, misleading, or deceptive acts or practices in the conduct of any trade or commerce are hereby declared unlawful and are subject to action by the consumer protection division under Sections 17.47, 17.58, 17.60, and 17.61 of this code.
The Unfair Competition Law of California prohibits false advertising and illegal business practices. The law is also known as the state's UCL. The law describes “unfair competition” as any unlawful, unfair, or fraudulent business act or practice, or false, deceptive, or misleading advertising.
You may have heard the term unfair competition used in business without knowing its precise meaning. Actually, no specific Texas law defines unfair competition. There is a federal statute–the Federal Trade Commission Act–that broadly prohibits “unfair methods of competition” in interstate commerce.
"Unfair competition" includes several causes of action including: 1) passing off or palming off; 2) trade secret misappropriation, and 3) common law misappropriation. Id.; Conceal City, L.L.C. v. Looper Law Enforcement, LLC, 917 F.
Insurance companies violate the Texas Unfair Claims Practices Act when they: Knowingly misrepresent material facts or policy provisions related to coverage. Fail to attempt in good faith to effectuate a prompt, fair and equitable settlement of a claim with respect to which their liability has become reasonably clear.
You may have heard the term unfair competition used in business without knowing its precise meaning. Actually, no specific Texas law defines unfair competition. There is a federal statute–the Federal Trade Commission Act–that broadly prohibits “unfair methods of competition” in interstate commerce.
The primary tool the Office of the Attorney General uses to protect Texas consumers is the Deceptive Trade Practices Act (DTPA). This law lists many practices that are false, deceptive, or misleading. When you fall victim to illegal practices covered by the DTPA, you may have the right to sue for damages under the act.