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Simple English definitions for legal terms

fickle-fiduciary rule

Read a random definition: chamber of commerce

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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OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
i dont really like chromakopia that much i also havent gotten thru it
JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
shaquilleoatmeal
17:43
went to eat - did anyone guess the bowl lmao
shaquilleoatmeal
17:43
ooo yall were too busy with that kendrick shit
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