MLchartDataset catalogue

Fiduciary duty

Term · Law · MLC-T-LAW-002108

A legal obligation of one party to act in the best interest of another party. The party owing the duty, the fiduciary, must exercise loyalty, care, and good faith in all dealings. This duty arises in relationships of trust and confidence, such as between an attorney and client, or a guardian and ward.

Table 1. Record
IdentifierMLC-T-LAW-002108
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002108",
  "term": "Fiduciary duty",
  "field": "Law",
  "definition": "A legal obligation of one party to act in the best interest of another party. The party owing the duty, the fiduciary, must exercise loyalty, care, and good faith in all dealings. This duty arises in relationships of trust and confidence, such as between an attorney and client, or a guardian and ward.",
  "url": "https://mlchart.com/terminology/law/fiduciary-duty/"
}

Record 2,013 of 5,441 in Law terminology (MLC-0107). Request the full dataset.