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Legal Definitions - trust relationship
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Definition of trust relationship
A trust relationship is a type of association between two or more people that involves a high level of trust and reliance on specialized training or knowledge. It can be legally recognized and can affect the participants' legal rights and duties of care.
- Attorney-client relationship: This is a formal legal representation of a person by a lawyer. The lawyer has a duty to act in the best interest of the client and keep their informationconfidential.
- Doctor-patient relationship: This is the association between a medical provider and a patient. The doctor has a duty to ensure that the patient gives informed consent for treatment.
- Fiduciary relationship: This is a relationship in which one person is under a duty to act for the benefit of another on matters within the scope of the relationship. Examples include trustee-beneficiary, guardian-ward, principal-agent, and attorney-client relationships.
These examples illustrate how trust relationships involve a high level of trust and reliance on specialized knowledge or training. They also involve a duty to act in the best interest of the other person and keep their information confidential.
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Simple Definition
A trust relationship is when two or more people have a special connection and rely on each other. This can be a legal relationship that gives them certain rights and responsibilities. For example, a doctor and patient have a trust relationship because the patient trusts the doctor to take care of them and the doctor has a duty to help the patient. Other examples include relationships between employers and employees, parents and children, and lawyers and clients.
The young man knows the rules, but the old man knows the exceptions.
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