Breach of Fiduciary Duty
/ˈbriːtʃ əv fɪˈdjuːʃiˌɛri ˈduːti/
Definitions
- (n.) The violation of a legal or ethical obligation owed by a fiduciary to the beneficiary or principal, typically involving mismanagement, conflict of interest, or failure to act in the principal’s best interest.
The director was sued for breach of fiduciary duty after using company funds for personal expenses.
Forms
- breaches of fiduciary duty
Related terms
See also
Commentary
Breach of fiduciary duty claims often require proof of the fiduciary’s duty, breach, causation, and damages; clear documentation of duties helps in drafting and litigation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.