Fiduciary Agreement
/ˌfɪdʃuˈɛri əˈgriːmənt/
Definitions
- (n.) A legally binding contract whereby one party agrees to act on behalf of another with duties of loyalty and care.
The fiduciary agreement required the trustee to manage the assets solely for the beneficiaries' benefit.
Forms
- fiduciary agreement
- fiduciary agreements
Related terms
See also
Commentary
Often used to clearly delineate the responsibilities and limitations of fiduciaries to prevent conflicts of interest.
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.