The Fiduciaries Sample Clauses

The 'Fiduciaries' clause defines the individuals or entities who are entrusted with fiduciary duties under the agreement, such as acting in the best interests of another party, typically in contexts like trusts, pensions, or corporate governance. This clause usually specifies who qualifies as a fiduciary, outlines their responsibilities, and may set standards for their conduct, such as loyalty and care. Its core function is to clearly identify those who owe fiduciary duties and to establish the expectations and obligations that help prevent conflicts of interest and ensure responsible management of assets or interests.