Simple English definitions for legal terms
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Definition: A fiducial relationship is a type of association between two or more people that involves a high level of trust and responsibility. It is a legally recognized relationship that affects the legal rights and duties of those involved.
Examples of fiducial relationships include:
These examples illustrate how a fiducial relationship involves a high level of trust and responsibility. The person in the fiduciary role has a duty to act in the best interest of the other person and maintain confidentiality. This type of relationship is legally recognized and can affect the legal rights and duties of those involved.