The employee desires to be employed by the company in a capacity in which he/she may receive, contribute, or develop confidential and proprietary information. Such information is important to the future of the company and the company expects the employee to keep secret such proprietary and confidential information and not to compete with the company during his/her employment and for a reasonable period after employment.
Unfair Competition With Examples In North Carolina
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Multi-State
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US-00046
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For example: trademark infringement and misappropriation (which often invokes the Right of Publicity). It is helpful to think of examples of unfair competition rather than attempt to define the term in the abstract. Other practices that fall into the area of unfair competition include: false advertising.
Named Acts of Unfair Competition These are actions specifically defined in the Law, such as: -product imitation, -service imitation, -bribery, -hindering access to the market -unfair advertising.
Two common examples of unfair competition are trademark infringement and misappropriation . The right to publicity is often invoked in misappropriation issues. Other practices that fall into the area of unfair competition include: False advertising.
Unfair competition is conduct by a market participant which gains or seeks to gain an advantage over its rivals through misleading, deceptive, dishonest, fraudulent, coercive or unconscionable conduct in trade or commerce.
One popular type of unfair advantage is developing unique characteristics of your product and treating them as a trade secret or protecting them with IP laws to prevent others from copying them. Coca-Cola is famous for keeping the secret recipe for its drink to the point that this is now part of its brand story.
Common Examples of Unfair Competition False advertising. “ Bait and switch ” selling tactics. Unauthorized substitution of one brand of goods for another. Use of confidential information by former employee to solicit customers.
Private Right of Action Under Section 17200 of the UCL The California Unfair Competition Law (UCL) allows both private parties and public prosecutors to take legal action against companies that commit fraudulent business acts.
North Carolina's UDTPA attracts plaintiffs because of the possibility of treble damages, which allows for three times actual, compensatory damages for conduct that is found to violate the law.
I have a problem with a business. Where can I get help? You may wish to file a consumer complaint with the North Carolina Consumer Protection Division. You can file a complaint online or call 1-877-5-NO-SCAM for assistance.
Unfair or deceptive act or practice: Deliberate acts of deceit or bad faith do not have to be shown, rather, the claimant must demonstrate that the act or practice possessed the tendency and capacity to mislead or created the likelihood of deception.