Fiduciary Duty
The highest legal duty of care, requiring a person to act in the best interest of another party.
Ad Space (in-article)
Detailed Explanation
Attorneys owe fiduciary duties to their clients including loyalty, confidentiality, competence, and communication. Other fiduciaries include trustees, executors, corporate officers, and financial advisors. Breach of fiduciary duty can result in civil liability, professional discipline, and criminal charges in extreme cases.
Related Terms
Ad Space (rectangle)