How to detect trade libel
Posted on Thursday, October 8th, 2009 at 4:04 am
In the attempt to ward off competition, company’s sometimes commit trade libel. Trade libel is the act of spreading false information about a company’s products or services. While such a strategy might improve a competing company’s sales in the short term, it could be damaging in the long term because the practice is illegal.
When a company suspects that trade libel has occurred, it must first show that another company has published damaging claims. It then must prove that the claims are untrue on the basis of fact. Finally, if a company can prove all of this, then it must show that the information has led to economic losses.
If your business suspects that a competing company has committed trade libel, contact the Iowa business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.