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Trade Practices Examples In Ohio
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Examples of deceptive trade practices in this area include making false statements, omitting important details, and advertising unavailable goods or services. While many companies exaggerate the benefits of their products, it is unlawful to completely fabricate information.
An act or practice is unfair where it (1) causes or is likely to cause substantial injury to consumers, (2) cannot be reasonably avoided by consumers, and (3) is not outweighed by countervailing ben- efits to consumers or to competition.
Representing that goods are new when they are actually used. Claiming falsely that goods or services are of a particular quality or grade, or that products are a certain style or model (example: selling 10K gold jewelry as 14K). Making false or misleading statements about another business or its products or services.
For example, in the construction industry, it is a trade practice to use certain specifications for the size, thickness, and quality of building materials. These specifications are commonly accepted and used by all businesses in the industry, ensuring consistency and quality in the final product.
Ohio Revised Code Sections 1333.61 through 1333.69 forbid the unauthorized disclosure or acquisition of trade secrets and Ohio law allows for an injunction against the misappropriation of trade secrets.