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3 Easy Examples of Fiduciary Duty

If you have questions regarding whether you owe a fiduciary duty to someone, or whether you believe someone breached their fiduciary duty owed to you, contact a experience business litigation attorney.

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3 Easy Examples of Fiduciary Duty

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  1. 3 Easy Examples of Fiduciary Duty

  2. A fiduciary duty is one of the most elusive concepts in American law. A fiduciary relationship cannot exist when only one party wants it to exist—it must be a mutual agreement.

  3. Examples of Fiduciary Duty

  4. 1. Attorney/Client Relationship: When an attorney/client relationship is established, the attorney must act in the client’s best interests and put the client’s interests ahead of his or her own. 2. Agent/Principal: A great example of an agent/principal relationship is between an athlete and his or her agent.

  5. 3. Corporate officer/Shareholder: Corporate officers must act according to the shareholders’ (reasonable) wishes, which in the overwhelming majority of the time means making decisions that will maximize the shareholders’ profits.

  6. Contact us: Address: Law Office of Peter M. Feaman, P.A. 3695 W. Boynton Beach Blvd., Suite #9, Boynton Beach, FL 33436 Phone no. 561-734-5552 Website: www.feamanlaw.com

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