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 Sample For An Ice Cream Franchise In Utah
State:
Multi-State
Control #:
US-00046
Format:
Word;
Rich Text
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FAQ
Ice cream franchises can be profitable for business owners depending on the market, customer demographics, and competition present in the area.
The Utah Unfair Competition Act is one of the most vital pieces of legislation in regard to unfair competition contracts. The Act prohibits several types of agreements, including those that restrain trade and those that unlawfully interfere with a person's business interests.
Utah's Unfair Practices Act was enacted to “safeguard the public against the creation or per- petuation of monopolies and to foster and encourage competition, by prohibiting unfair and discrimi- natory practices by which fair and honest competition is destroyed or prevented.”
Any deceptive act or practice in the course of trade that causes, or is likely to cause, confusion with respect to another person or his activities, in particular with regard to the products or services offered by such person, shall constitute an act of unfair competition.
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.
These include: Performance enhancing drugs: When athletes turn to performance enhancing drugs such as steroids or human growth hormones, they gain an unfair advantage over others. Discrimination: Discrimination based race, gender, religion, ethnicity and other factors is illegal.
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.
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.