Simple English definitions for legal terms
Read a random definition: link financing
Term: Tortious Interference with Contractual Relations
Definition: When someone intentionally convinces one party to break a contract with another party, causing harm to the relationship between the two parties. This is also called unlawful interference with contractual relations, interference with a contractual relationship, or inducement of breach of contract. It is like when someone convinces your friend to break a promise they made to you, and it causes problems between you and your friend.
Definition: Tortious interference with contractual relations is when a third party intentionally convinces one of the parties in a contract to break the agreement, causing harm to the relationship between the parties involved. This is also known as unlawful interference with contractual relations, interference with a contractual relationship, interference with contract, inducement of breach of contract, or procurement of breach of contract.
Example: A company hires an employee who has signed a non-compete agreement with their previous employer. The previous employer contacts the new company and convinces them to break the contract with the employee, causing harm to the relationship between the employee and the new company. This is an example of tortious interference with contractual relations.
Explanation: In this example, the previous employer intentionally interfered with the contractual relationship between the new company and the employee by inducing the new company to break the non-compete agreement. This caused harm to the relationship between the employee and the new company, and the previous employer could be held liable for tortious interference with contractual relations.
Definition: Tortious interference with prospective advantage is when a third party intentionally interferes with another's potential business relationship, such as the opportunity to obtain customers or employment, causing harm to the potential business relationship. This is also known as interference with a business relationship.
Example: A company is in negotiations with a potential client to provide services. A competitor contacts the potential client and convinces them to not do business with the company, causing harm to the potential business relationship. This is an example of tortious interference with prospective advantage.
Explanation: In this example, the competitor intentionally interfered with the potential business relationship between the company and the potential client by convincing the client to not do business with the company. This caused harm to the potential business relationship, and the competitor could be held liable for tortious interference with prospective advantage.
Definition: Tort reform is a movement to reduce the amount of tort litigation, usually through legislation that restricts tort remedies or caps damages awards, especially for punitive damages.
Example: A state passes a law that limits the amount of damages that can be awarded in a medical malpractice lawsuit. This is an example of tort reform.
Explanation: In this example, the state passed a law that restricts the amount of damages that can be awarded in a medical malpractice lawsuit. This is an example of tort reform, which aims to reduce the amount of tort litigation and prevent windfalls for plaintiffs, while also lowering insurance and healthcare costs.