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Tort. noun. ?t?rt. : a wrongful act other than a breach of contract that injures another and for which the law imposes civil liability : a violation of a duty (as to exercise due care) imposed by law as distinguished from contract for which damages or declaratory relief (as an injunction) may be obtained.
Common torts include:assault, battery, damage to personal property, conversion of personal property, and intentional infliction of emotional distress.
Business torts are wrongful acts done to a business that harms the business. Business torts are also called economic torts because they usually result in financial loss. They may cause profit loss, reputation damage, market share decline, and loss of competitive advantage.
Some common ones include: Property torts: You damage someone else's property. Liability torts: Your product or service hurts someone. Dignitary torts: Something you do or say harms a third party's reputation.
Tortious interference is when a party outside of a contract or business relationship interferes with your economic advantage or business contracts in a 'wrongful' manner. The law provides recourse through a claim for tortious interference with contractual or economic advantage.
The class of business torts includes fraud, unfair business practices, deceptive trade practices, unfair competition, defamation, embezzlement, and interference with contractual relations.
Business torts ? fraud, tortious interference with contract, theft of trade secrets and the like ? are a regular feature of commercial disputes. Sometimes these claims form the heart of the case, and sometimes they merely supplement a contract claim.