There are laws in place to protect both businesses and consumers against deceptive trade practices. At Delev & Associates, LLC, we know how detrimental these behaviors can be. Methods of competition or selling that in some way mislead the consumer are considered illegal. According to Ohio’s legislation regarding deceptive trade practices, illegal behavior occurs when a business does one or more of the following:
- Misleads or confuses consumers regarding its goods or services
- Misrepresents certifications or associations
- Criticizes a competition’s goods or services through falsifying information
- Uses false advertising
- Uses a fake business name
Both consumers and businesses can be victims of deceptive trade practices. When that occurs, you have the right to pursue a claim against the company that committed the wrongdoing. Not only might the company have to compensate the victim, but its owners or management could face misdemeanor and even felony charges.
The Federal Trade Commission estimates that in 2013, business litigation surrounding deceptive trade practices cost an overwhelming $297 million in disgorgement and redress payments and another $20 million for civil penalties.
If you are a business owner, you can ensure your business falls in line with state and federal regulations by abiding by the FTC laws. By and large, the commission urges companies to be truthful at all times, including having the ability to make good on any promises made to consumers.
When you suspect wrongdoing has taken place, our attorneys at Delev & Associates can help. For more information on what to do if you are a victim of unfair trade practices, please visit our page regarding business disputes.
