Fiduciary relationships are not limited to trustees and executors. Fiduciary relationships – and fiduciary duties –can be found in the corporate setting, in employment and in many varied business relationships. Sometimes the fiduciary relationship is not obvious. Yet where an individual is found to have a fiduciary’s obligations, the extent of those obligations and the limitations on what the fiduciary can and cannot do are significant. The fiduciary relationship realigns the legal rights and obligations between the parties.

This CLE program will explore the definition and indicia of a fiduciary relationship, examine some business relationships that are or are not fiduciary, identify the ways in which the fiduciary relationship alters the legal relationship of the parties and survey the restrictions and responsibilities imposed on the fiduciary. The program will also address actions and remedies for breaches of fiduciary duties. This topic is invaluable for counsel’s understanding of these issues and an awareness of the pitfalls and opportunities presented by the heightened duties and expectations of the fiduciary and his or her principal.