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LSDefine

Simple English definitions for legal terms

fair dealing

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A quick definition of fair dealing:

Term: Fair Dealing

Definition: Fair dealing means conducting business in an honest and open way, especially when someone in charge of a company is involved. It also means that when someone is in charge of other people's money, they must tell everyone involved about any personal benefits they might get from a transaction. In Canada, fair dealing is similar to fair use, which means using someone else's work in a reasonable and fair way without breaking the law.

A more thorough explanation:

Fair dealing refers to the conduct of business with full disclosure, usually by a corporate officer with the corporation. It is a legal term that is used to describe the actions of a fiduciary who transacts business in a way that all interested parties are fully informed of the potential benefits and any other material information about the transaction.

For example, if a corporate officer is considering a business deal that could potentially benefit them personally, they must disclose this information to all interested parties, such as shareholders or board members. This ensures that everyone involved is aware of the potential conflict of interest and can make an informed decision about whether or not to proceed with the deal.

In Canadian law, fair dealing is similar to the concept of fair use in the United States. It allows for the use of copyrighted material for certain purposes, such as research, private study, criticism, review, or news reporting, without the permission of the copyright holder.

An example of fair dealing in action would be a student using a small excerpt from a copyrighted book in their research paper. As long as the use is for a specific purpose and does not harm the market value of the original work, it is considered fair dealing.

fair-cross-section requirement | fair hearing

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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