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The Texas Business Tort - What Laredo TX Entrepreneurs Need to Know

Laredo’s proximity to the largest shipping port in the country attracts many entrepreneurs to the area. The city is friendly to new business owners, and Texas tort laws ensure fair competition for business start-ups in the state. For small businesses, the negligent actions or inactions of another party can provide a foundation for seeking restitution under tort laws. Our Laredo business attorneys at Carabin Shaw have extensive experience handling business disputes, using tort law to protect businesses and help affected parties recover and thrive.

If your company has suffered losses due to another’s misconduct, our team of expert lawyers is available 24/7 at 800-862-1260 to schedule your free consultation. We also offer our services on a contingency-fee basis, and our client reviews attest to our ability to help businesses like yours. Read on to learn more and contact us to discuss your particular case.

Types of Laredo Business Torts We Handle

A tort is a wrongful act against a business that results in or raises the likelihood of a financial loss for the company. It is typically considered a civil wrong rather than a criminal act. Business torts in Laredo are handled in the Fourth Business Court Division in San Antonio.

There are a variety of business torts in Texas, including:

Defamation or Disparagement

Defamation occurs when a party makes false statements about your business with the intention of harming it. For example, a competitor might post negative reviews or claim your product is defective to drive customers away.

Theft of Trade Secrets

Companies often keep vital information secret to preserve their competitive edge in the market. If a former employee or a competitor makes that trade secret public, your attorney may hold the at-fault party liable for any losses that result.

Tortious Interference

If a competitor directly and intentionally interferes with your business, it may be a case of tortious interference. An example might be a competitor that convinces a mutual supplier to stop supplying goods to your business.

Entrepreneurs must understand the various business torts so they can take steps to mitigate risks. If a breach occurs, business owners can often take legal action against the party engaging in the misconduct, whether it is an individual or another business.

Essential Elements of Texas Business Tort Law

To hold a party liable for a wrongful act, your legal team must establish these essential elements:

  • The party owed you a duty of care to ensure fair business dealings
  • The party breached or failed to meet that duty
  • As a result of the breach, your business suffered damages (financial losses)

Your lawyer will investigate the action to determine whether it meets these elements. If so, you may be able to seek damages for your business.

Laredo Business Litigation and Dispute Resolution Options

The resolution of each business tort is specific to the facts and circumstances of the case. Business owners may consider these resolutions in the negotiation process:

Damages (Monetary Compensation)

If your business suffered financial losses because of the tort, you may be able to seek monetary compensation from the responsible party. The damage amount is calculated based on an accounting of past or expected future losses. Damages may also include punitive or exemplary damages if the responsible party is found to have acted with intentional malice or fraud as a means to punish and deter such behavior.

Equitable Remedies (Court Orders)

Equitable remedies aim to cease conduct that has been harmful to your business. They typically come through an order granted by courts of equity. Examples of equitable remedies might include:

  • Profit disgorgement
  • Forfeiture of fees
  • Assets freeze
  • Court-appointed receivership
  • Court-ordered dividends

Your business tort attorney in Laredo TX will advise you of the best course of action for your business based on the specific breach and the types of damages your business suffered.

Troubles With Your Business in Laredo, Texas? Call Carabin Shaw Today to Schedule Your FREE CASE REVIEW

Texas business tort law is complex, requiring expertise to navigate successfully. Contact Carabin Shaw’s top Texas lawyers to safeguard your business and protect your bottom line. Our law firm has over two decades of experience caring for businesses like yours. Call us toll-free at 800-862-1260 to schedule your free case review in English or Spanish today.

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