Breach of Loyalty
/ˈbriːtʃ ʌv ˈlɔɪəlti/
Definitions
- (n.) A violation of the duty of loyalty owed by a fiduciary to their principal, involving acting against the principal's interests.
The director was sued for breach of loyalty after secretly profiting from a competitor.
Related terms
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Commentary
Breach of loyalty typically arises in fiduciary contexts where trust and good faith are paramount, highlighting the importance of avoiding conflicts and self-dealing.
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.