MLchartDataset catalogue

Fiduciary relationship

Term · Law · MLC-T-LAW-002109

A legal relationship where one party, the fiduciary, acts on behalf of another party, the principal or beneficiary, and is bound to act in the principal's best interests. This relationship is characterized by trust and confidence, imposing a higher standard of care and loyalty than ordinary business dealings. Examples include attorney-client, trustee-beneficiary, and agent-principal relationships.

Table 1. Record
IdentifierMLC-T-LAW-002109
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002109",
  "term": "Fiduciary relationship",
  "field": "Law",
  "definition": "A legal relationship where one party, the fiduciary, acts on behalf of another party, the principal or beneficiary, and is bound to act in the principal's best interests. This relationship is characterized by trust and confidence, imposing a higher standard of care and loyalty than ordinary business dealings. Examples include attorney-client, trustee-beneficiary, and agent-principal relationships.",
  "url": "https://mlchart.com/terminology/law/fiduciary-relationship/"
}

Record 2,015 of 5,445 in Law terminology (MLC-0107). Request the full dataset.