Unfair competition law

Unfair competition law is mainly composed of infringements, which cause economic damage to enterprises through fraud or improper business practices. Unfair competition can be divided into two categories:
Unfair competition
Sometimes used only to refer to infringements (also known as deceptive transactions) that are intended to confuse consumers with the source of the product.
Unfair trade behavior
Includes all other forms of unfair competition.
Unfair competition does not refer to economic damage involving monopoly and antitrust legislation. The factors that make up an unfair behavior vary with the business environment, the behavior being reviewed, and the facts of the case.
Two common examples of unfair competition are trademark infringement and misappropriation. These rules are often cited in misappropriation issues. Other practices in the field of unfair competition include:
Fake advertisment
Bait and resale strategy
Unauthorized replacement of one brand of merchandise with another
Former employees use confidential information to attract customers
Business secret stolen
Violation of restrictive convention
Trade libel
A false statement of a product or service.
The law of unfair competition is mainly governed by the common law of the country. Federal law may apply to trademarks, copyrights, and false advertising. Please refer to the trademark copyright and 1125 of the Lanham Act.
Congress established the Federal Trade Commission (FTC), in part to protect consumers from deceptive trade practices. FTC indirectly protects competitors because certain deceptive trade practices that harm consumers (such as bait and conversion strategies) also hurt competing firms. FTC regulations on unfair competition can be found in various sections of Title 16 of the Federal Regulations. If there is a conflict between federal law and state law, federal law usually wins because of preemptive strikes.
Some states have enacted legislation for specific types of unfair competition, such as the Uniform Deceptive Trade Practices Act.

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