Duty to Disclose
/ˈduːti tə dɪsˈkloʊz/
Definitions
- (n.) An obligation imposed by law or contract to reveal material information relevant to a transaction or relationship.
The seller's duty to disclose defects in the property protects the buyer from hidden risks.
- (n.) A fiduciary's requirement to inform beneficiaries or principals about facts affecting their interests.
The trustee has a duty to disclose all conflicts of interest to the beneficiaries.
Forms
- duty to disclose
- duties to disclose
Related terms
See also
Commentary
The duty to disclose varies by context, often hinging on materiality and the nature of the relationship; careful drafting should specify the scope and extent of disclosure required.
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.