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LSDefine

Simple English definitions for legal terms

fickle-fiduciary rule

Read a random definition: petit jury

A quick definition of fickle-fiduciary rule:

A fickle-fiduciary rule is a rule that says if someone who works for a company or partnership breaks their promise to be loyal to their employer, they have to give back all the money and benefits they got after they broke their promise. This usually happens when someone leaves to work for a competitor or start their own business. Even if they didn't hurt their old employer, they still have to give back everything they got. Sometimes, if the rule is too harsh, the court might consider other things before making a decision.

A more thorough explanation:

The fickle-fiduciary rule is a legal principle that requires a partner or employee to give up all compensation, bonuses, and other benefits received after violating their fiduciary duty to their employer or partnership. This rule usually applies to individuals who plan to leave their current job to work for a competitor or start their own competing business.

For example, if an employee steals confidential information from their employer and uses it to start a competing business, they would be in breach of their fiduciary duty. If the fickle-fiduciary rule is applied, the employee would have to forfeit all compensation and benefits received after the breach occurred.

It's important to note that mitigating factors, such as the absence of harm to the employer or partnership, are usually not considered when applying this rule. However, some courts have found that if a strict application of the rule would result in unjustly harsh consequences, mitigating factors must be taken into account.

FICA | ficta traditio

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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