Fiduciary Breach
/ˌfɪdjuˈʃɛri ˈbriːtʃ/
Definitions
- (n.) A violation of the duty owed by a fiduciary to act loyally and in the best interest of the principal or beneficiary, often involving misappropriation, conflict of interest, or neglect of responsibility.
The lawsuit alleged a fiduciary breach when the trustee invested the funds in high-risk ventures without consent.
Forms
- fiduciary breaches
Related terms
See also
Commentary
The term typically arises in contexts involving trustees, agents, directors, or other fiduciaries; precision in identifying the fiduciary relationship and nature of the breach is important in pleading and analysis.
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.