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Wrongful Interference In A Business Relationship In Chicago
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State:
Multi-State
City:
Chicago
Control #:
US-000303
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FAQ
Under Illinois law, the elements of a claim for tortious interference with a contract are that: The plaintiff and a third party entered into a valid and enforceable contract. The defendant knew of the contract. The defendant intentionally and unjustifiably induced the third party to breach the contract.
Explanation. Wrongful interference with a business relationship requires three elements: 1) the third party must have knowledge of the business relationship, 2) the third party must act intentionally with the purpose of disrupting that relationship, and 3) the interference must be wrongful or improper.
Under Illinois law, the elements of a claim for tortious interference with business relationships, more commonly called tortious interference with prospective economic advantage, are that: The plaintiff had a reasonable expectation of entering into or continuing a valid business relationship with a third party.
Tortious interference is a common law tort allowing a claim for damages against a defendant who wrongfully and intentionally interferes with the plaintiff's contractual or business relationships. See also intentional interference with contractual relations .
Tortious interference with business relationship is a similar claim that typically arises when no valid contract exists and a defendant intentionally interferes with the business relationship between a third party and the plaintiff, resulting in damages to the plaintiff.
An example is when a tortfeasor offers to sell a property to someone below market value knowing they were in the final stages of a sale with a third party pending the upcoming settlement date to formalize the sale writing. Such conduct is termed "tortious interference with a business expectancy".
Some examples of actionable interference may include convincing a shared supplier to renege on a contract or a third party interrupting the sale of property to a business.
Basically, if someone interferes in your business, if someone prevents you from conducting business, you can sue that person to recover for the harm you suffer. And this can be powerful in todays real estate market.