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LEGAL WORD

Fiduciary duty

Legal term · Corporate law

Fiduciary duty

  • Type: Legal term
  • Area of law: Corporate law

1 What it means

A duty to act loyally and in the best interests of another, like a director's duty to the company.

2 Use it in a sentence

The director breached his fiduciary duty by diverting a business opportunity.

3 Make it stick

Write your own sentence using Fiduciary duty about a case or topic you are studying this week, then check it against the meaning above.

4 Related words

Articles of AssociationCorporate veilDue diligenceMemorandum of AssociationSeparate legal entityWinding up

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