If you’re a business owner, the partnerships or contracts you established with other parties—such as vendors—are necessary to support your ongoing operations. While there are many reasons that these agreements may fall through, there are some cases where the contract is compromised due to the harmful actions of a third party. When another party intentionally harms a business agreement between two entities, they’re performing a “tortious interference.” If you’re concerned about this type of crime, here is what you must know about tortious interference and how business litigation can help.

A Guide to Tortious Interference

What Defines Tortious Interference?

For a tortious interference claim to be valid for further business litigation, there must be evidence that:

• There was a clear and valid contract between the plaintiff and another entity.
• The defendant was aware of the contract.
• The defendant interfered with the contract and had the intent to do so.
• The defendant’s actions were inappropriate and caused damage to the parties bound by the contract; this includes blackmail, threats, and physical force.

In some cases, tortious interference can be proven without the presence of a formal contract. In these situations, there must be proof that the third party interfered with a known business advantage of the plaintiff—such as plans to buy or sell a company.

How Can This Act Harm Your Business?

Economic harm is the primary risk that victims of tortious interference face. By interrupting or breaking a contract, a company may not be able to receive the goods or services that they need to conduct business and fairly receive income.

These actions may also harm a victim’s business relationships. Without taking proper legal action, victims may appear to be unreliable, making it difficult to maintain existing contracts or form new ones.

Those accused of committing tortious interference may also have to pay exhaustive legal fees for defense and endure damages to reputation.

What Legal Steps Should You Take?

Whether you’re a plaintiff or defendant, tortious interference cases typically require substantial evidence. As such, your first step should be hiring a business lawyer who specializes in contract law.

Your attorney will review the terms of your contract and ensure that they apply to your claim. They will then perform steps to prepare evidence and file with the courts. If a settlement cannot be attained, your lawyer will provide comprehensive representation in court.

Specializing in business litigation, The Law Office of W. Randall Holcomb, PLLC is a reliable resource for tortious interference claims within the Greensboro, NC, area. Well-versed in contract law, the team will carefully review business agreements and associated damages to prepare a strong case to fairly support your claim. These attorneys can also help prepare contracts to ensure your future business engagements follow clear legal terms. To learn more about these practice areas, visit this legal office online or call (336) 888-8760.