Define: Unfair Competition

Unfair competition refers to deceptive or unethical business practices that unfairly harm competitors, consumers, or the market as a whole. This can include actions such as false advertising, trademark infringement, trade secret theft, price fixing, and predatory pricing. Unfair competition undermines fair and honest competition in the marketplace and can result in legal consequences, including civil lawsuits, fines, and injunctions. Laws and regulations governing unfair competition vary by jurisdiction, but generally aim to promote fair business practices, protect consumers, and maintain the integrity of the marketplace.

An overarching term describing any commercial activity that tends to confuse or deceive the public about the sale of products or services. It covers such diverse activities as trademark infringement, false advertising and theft of trade secrets. If a court finds that an activity constitutes unfair competition, it will generally prevent that activity from occurring in the future and award money damages to the person or company harmed by the activity.

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.