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Business owners frequently deal with contracts. Therefore, you may have come across certain common terms like 'consideration'. This is a critical aspect of forming legally binding contracts, and its absence means your contract is invalid. You have no court-enforceable...
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Month: November 2022
What is a fiduciary duty and how does it impact businesses?
A fiduciary is a person or organization that acts on behalf of another person's best interests. Fiduciaries are often financial advisors, money managers, insurance agents, bankers, attorneys or executors. Board members and corporate officers also are considered...