Question

How we can define legal conflicts of business with its competitors and contracters ? Give some quotes/ quotations from experts/ law also.

Answer 1

Answer:
We can define legal conflicts of business with its competitors and contractors in the following ways:

• Intellectual Property Theft : A company can have intellectual property theft with its competitors and Contractors in following cases:
  • Patent Theft
  • Stealing trade secret of the company
  • Copying if trademark and copyright issues.
• Unfair Market Practices with its competitors : A company can have issues with its competitors if they are following unfair and unethical practices in the marketplace. Like influencing the distributor to just sell their product exclusively by bribing. Take instance of AMD and Intel case where AMD had filed case against intel for doing unfair practices against him.
• Not following government regulations : If contractors or their competitors are not following government regulation to gain unfair advantages same can be brought in front of law.
• Breach of Contracts : Contractors can be prosecuted if the breach the terms of contracts intentionally or in the influence of company'e competitors in which case both are guilty in front of law.

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