Fiduciary Duties
/ˌfɪdjuˈʃɛri ˈdjuːtiz/
Definitions
- (n.) Legal obligations requiring a fiduciary to act in the best interests of another party, typically involving loyalty and care.
Directors owe fiduciary duties to their company and must avoid conflicts of interest.
Forms
- fiduciary duty
Related terms
See also
Commentary
Fiduciary duties often arise in relationships where trust and reliance are paramount, such as between trustees and beneficiaries or corporate directors and shareholders.
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.