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1. Identify which aspect of good faith might be engaged. The starting point is that there is no general doctrine of good faith in English contract law. Instead, duties of good faith can affect a commercial contract in three distinct ways: The parties can expressly agree that they will act in good faith.
EU legislation frequently imposes such a duty on contracting parties,2 whilst the common law also recognises a duty to act in good faith in certain specific types of contract eg contracts of employment or insurance.
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Mar 17, 2013 · Therefore, it is the writer’s opinion in light of QBE, with or without an express conflict of interest term, the implied duty of fidelity will mean that an employee must generally disclose situations that would result in a conflict of interest to his employer’s business interests.
Fidelity in legal terms refers to the loyalty and faithfulness that one party owes to another, especially in relationships like marriage or business partnerships. It means being trustworthy and keeping promises.
The High Court has held that a director breached his duty of fidelity when he failed to disclose details of a rival bidder for a contract which his employer was seeking to retain.
It refers to the level of loyalty or faithfulness. How to use "fidelity" in a sentence. The fidelity of the manager to the company principles impressed the board of directors. The contract required a high degree of fidelity from the contractor to adhere to the terms laid out.
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Do employees have a duty of fidelity?
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What is implied duty of fidelity?
How is the duty of fidelity determined?
Did the claimant breach the implied term of duty of fidelity?
How does a breach of implied duty of fidelity affect a principal?
Breaches of the implied duty of fidelity commonly take place where the person receives and communicates information on the business’s behalf. A discretion on handling and passing on communications can influence changes in their principal's legal position.