How can I as a GmbH best deal with competitor companies?
May 20, 2024 | 40,00 EUR | answered by Helma Beck
Dear corporate lawyer,
My name is Oliver Schneider and I am the managing director of a GmbH. Lately, I have noticed that my company is increasingly being attacked by competitor companies. They are conducting aggressive advertising campaigns, luring our customers with lower prices, and trying to poach our employees. As a result, we are under increasing pressure and there is a risk that our market share will decrease and we will suffer losses in revenue.
I am very concerned about the future of my GmbH and I am wondering how best to deal with this situation. What legal options do I have to take action against these competitor companies? Are there ways to protect our customers and ensure fair competition? What measures can we take to retain our employees and prevent poaching attempts?
I urgently request your advice and support as I fear that the existence of my GmbH is at stake. I am willing to take all necessary steps to protect my company and continue to operate successfully in the market.
Thank you in advance for your help and professional advice.
Sincerely,
Oliver Schneider
Dear Mr. Schneider,
Thank you for your inquiry and trust in my expertise in the field of company law. I am sorry to hear that your company is currently being attacked by aggressive competitors and that you are concerned about the future of your GmbH. In this situation, it is important that you are aware of the legal options available to address these attacks and protect your company.
First and foremost, it is important to know that competition law sets certain rules to ensure fair and transparent competition. If competitors are using unfair practices to poach your customers or dominate the market, you can take legal action. This may include lawsuits for unfair competition or violation of antitrust laws.
To protect your customers and ensure fair competition, you should first consult a company law attorney who is knowledgeable in competition law. They can help you take the appropriate legal steps to address the competitors. This may include injunctions, claims for damages, or temporary restraining orders against the competitors.
Furthermore, you should take measures to retain your employees and prevent poaching attempts. For example, you can include non-compete clauses in the employment contracts of your employees, prohibiting them from switching to competitors. Internal measures such as attractive working conditions, training opportunities, and employee retention tools can also help to keep your employees committed to your company in the long term.
Overall, it is important that you react early and seek legal advice in a timely manner to protect your company and continue to operate successfully in the market. I am available to discuss your individual situation and work together to develop suitable measures.
Best regards,
Helma Beck
Attorney at Law specializing in Company Law
