Fiduciary Relationship
/ˌfɪdjuˈʃɛri rɪˈleɪʃənˌʃɪp/
Definitions
- (n.) A legal or ethical relationship of trust between two or more parties, typically where one party (the fiduciary) is obligated to act in the best interest of another (the principal).
The lawyer owed a fiduciary relationship to her client, ensuring confidentiality and loyalty.
Forms
- fiduciary relationship
- fiduciary relationships
Related terms
See also
Commentary
The term often arises in contexts involving agents, trustees, and corporate directors; clarity in defining roles and duties avoids 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.