3 Easy Examples of Fiduciary Duty

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3 Easy Examples of Fiduciary Duty
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• 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 existit must be a mutual agreement.

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Examples of Fiduciary Duty
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1. Attorney/Client Relationship

• When an attorney/client relationship is
  established, the attorney must act in the
  clients best interests and put the clients
  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.

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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.

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