Evening in its primary meaning is the period of the day between afternoon and night. Though the term is subjective, evening is typically understood to begin a few hours before sunset, when temperatures begin to fall, and lasts until just after nightfall, when complete darkness has been reached.
Breach of Fiduciary Duty Law and Legal Definition. A fiduciary duty is an obligation to act in the best interest of another party. For instance, a corporation's board member has a fiduciary duty to the shareholders, a trustee has a fiduciary duty to the trust's beneficiaries, and an attorney has a fiduciary duty to a client.
Some types of relationships always include a fiduciary duty. Lawyers have a fiduciary. duty to their clients because of the personal nature of the relationship. Directors have a. fiduciary duty to the companies they serve because of the scope of authority they have. over the company. With other relationships, a fiduciary duty does not automatically exist, but can arise.