Post by khatunejannat on Feb 15, 2024 1:13:13 GMT -5
The Unfair Competition Law is that regulation that regulates and protects competition in the interest of all those who participate in the market, from companies to individuals. Thus, this Law prohibits certain behaviors and actions that endanger healthy competition in the market, establishing a series of sanctions for violations . Without a doubt, the Unfair Competition Law is a regulation of great importance, since it ensures that illegal acts that represent a competitive advantage for certain agents do not occur in the market. Next, we will detail the three most important aspects of this regulation. What acts are unfair competition? Within unfair competition, there are several illegal acts. They are the following. acts of deception These actions are those that contain false information . However, they can also consist of true information, but that misleads the recipients . Thus, if the information is true, it may cause the recipients to behave differently than they would have if the information were completely true. acts of confusion These consist of causing confusion about the benefits or activity of the good or service , or about the foreign establishment. Misleading omissions These actions consist of omitting or hiding essential information so that the recipient can make a decision based on cause regarding their economic behavior within the market. Aggressive practices These behaviors are those that seriously affect the freedom of choice or the conduct of the recipient in the market with respect to a specific good or service. Acts of denigration In this case, the conduct consists of causing damage to the reputation or good name of a third party in the market .
However, when this information is accurate and true, an act of unfair competition will not be committed. entrepreneur-conduct-blogseas Comparison acts These actions consist of Belarus Email List the comparison between the goods and services of some entrepreneurs and others in the market , such comparison not being unfair when the compared goods or services have the same purpose. Imitation acts These types of actions are not, in principle, illegal. However, imitations will constitute an act of unfair competition when business or professional initiatives are protected by an exclusive right . Thus, patented inventions, for example, cannot be imitated. Exploitation of another's reputation This action consists of a competitor in the market taking advantage of the reputation of another businessman in the market , the most common scenario being the use of brands or signs of another company. Induction of contractual breach In this case, employees or clients of our competitors are recruited through the use of bribery or induction or incitement to break the contract they had with our competitor.
Violation of rules This assumption consists of violating a series of rules and then taking advantage of the situation that arises , as long as it represents a significant advantage. Sale at a loss Although business owners have absolute freedom to set the price of their products, this practice will constitute unfair competition when it misleads consumers . Illegal advertising Misleading or aggressive advertising is illegal , as it can mislead consumers. Discrimination Acts in which there are differences based on discriminatory circumstances regarding the conditions or circumstances of the sale will be discriminatory . law-competition-blogseas Actions against acts of unfair competition There are a series of actions that fight against acts of unfair competition . They are the following. 1.- Declarative action of disloyalty. 2.- Action to stop unfair conduct. 3.- Action to remove the effects derived from unfair conduct. 4.- Action to rectify untrue or false information. 5.- Action for compensation for damages caused by these behaviors. 6.- Action of unjust enrichment. Prescription of action Actions against unfair competition prescribe within a period of one year from the moment in which they could be exercised and knowledge of the practice of these actions became known . However, the limitation period will be 3 years from the end of the unfair conduct .
However, when this information is accurate and true, an act of unfair competition will not be committed. entrepreneur-conduct-blogseas Comparison acts These actions consist of Belarus Email List the comparison between the goods and services of some entrepreneurs and others in the market , such comparison not being unfair when the compared goods or services have the same purpose. Imitation acts These types of actions are not, in principle, illegal. However, imitations will constitute an act of unfair competition when business or professional initiatives are protected by an exclusive right . Thus, patented inventions, for example, cannot be imitated. Exploitation of another's reputation This action consists of a competitor in the market taking advantage of the reputation of another businessman in the market , the most common scenario being the use of brands or signs of another company. Induction of contractual breach In this case, employees or clients of our competitors are recruited through the use of bribery or induction or incitement to break the contract they had with our competitor.
Violation of rules This assumption consists of violating a series of rules and then taking advantage of the situation that arises , as long as it represents a significant advantage. Sale at a loss Although business owners have absolute freedom to set the price of their products, this practice will constitute unfair competition when it misleads consumers . Illegal advertising Misleading or aggressive advertising is illegal , as it can mislead consumers. Discrimination Acts in which there are differences based on discriminatory circumstances regarding the conditions or circumstances of the sale will be discriminatory . law-competition-blogseas Actions against acts of unfair competition There are a series of actions that fight against acts of unfair competition . They are the following. 1.- Declarative action of disloyalty. 2.- Action to stop unfair conduct. 3.- Action to remove the effects derived from unfair conduct. 4.- Action to rectify untrue or false information. 5.- Action for compensation for damages caused by these behaviors. 6.- Action of unjust enrichment. Prescription of action Actions against unfair competition prescribe within a period of one year from the moment in which they could be exercised and knowledge of the practice of these actions became known . However, the limitation period will be 3 years from the end of the unfair conduct .