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Bookmark or Share- Understanding fiduciary duty: Definition, types, and examplesOur guide uncovers the types of fiduciary duties, how fiduciary duty relationships work, and what happens when you face a breach of fiduciary. What is fiduciary duty? Fiduciary duty essentially means that you are responsible for acting and doing things to benefit someone else.
- fiduciary duty | Wex | US Law | LII / Legal Information InstituteWhen someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else financially. The person who has a fiduciary duty is called the fiduciary, and the person to whom the duty is owed is called the principal or the beneficiary.
- What Is a Fiduciary Duty? Examples and Types Explained - InvestopediaA fiduciary duty involves actions taken in the best interests of another person or entity. Fiduciary duty describes the relationship between an attorney and a client or a guardian and a ward.
- Fiduciary Definition: Examples and Why They Are Important - InvestopediaWhen a party knowingly accepts a fiduciary duty on behalf of another, they are required to act in the best interest of the principal (i.e., the client or party whose assets they are managing).
- Fiduciary Duty: Legal Definition, Obligations, Trust ... - JuristopediaWhat Is A Fiduciary Duty? Fiduciary duty is a legal obligation requiring a party, known as the fiduciary, to act solely in the best interest of another party, typically referred to as the beneficiary, by maintaining the highest standards of loyalty, care, and good faith.
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