Fiduciary

The fiduciary duty is a relationship between two or more parties (most commonly a "fiduciary" or "trustee" and a "principal" or "beneficiary").

A fiduciary is expected to be extremely loyal to the person to whom they owe the duty (the "principal"); they must not put their personal interests before the duty, and must not profit from their position as a fiduciary, unless the principal consents.

Examples

• attorney-client relationship
• guardian-ward relationship
• landlord-tenant relationship
• trustee-beneficiary relationship