Buttermore and Foltz - Attorneys at Law    
BUTTERMORE AND FOLTZ Attorneys at Law (908) 232-0292
  • Home
  • Who We Are
    • Attorney
    • Staff
  • Areas of Practice
    • Commercial and Residential Real Estate >
      • Why a Family Limited Partnership?
    • Employment Law >
      • Employee's Duty of Loyalty
    • Estate Planning >
      • General Durable Power of Attorney's Duty of Loyalty
      • It's Your Funeral
    • Estate Administration >
      • Contested Probate
      • Will Contests
    • General Corporate >
      • Entity Formation
    • International tax planning >
      • Rescission - An Equitable Remedy
      • USA Bank Secrecy Act Update
      • US Tax Filing Obligations of Dual Residents
    • Non-Profit (NGO) law >
      • Private Foundation vs Public Charity
    • Tax Audit Defense
    • Trusts
  • Corporate Clients
    • Southern Copper Corporation
    • Panini SpA
    • Serenity Pharmaceuticals
    • American Cell BioBank
    • Performance in Lighting
    • Specialty Rondot
    • Estiluz USA, Inc.
    • Informetric Systems, Inc.
    • Good Shepherd Sustainable Learning Foundation
    • Margaret and Peter Chang Foundation
    • Mission Laique Francaise America
  • Contact Us

Employee's Duty of Loyalty

“No man can serve two masters for either he will hate the one, and love the other; or else he will hold to the one, and despise the other.” Gospel of Matthew 6:24. Under English Common Law, every servant owes a duty of loyalty to his or her master. The Restatement (Third) of Agency states, at §8.01 that,

     An agent has a fiduciary duty to act loyally for the principal's benefit in all matters connected with the agency
     relationship. Unless otherwise agreed, an agent is subject to a duty to his principal not to act on behalf of an
     adverse party in a transaction connected to his agency without the principal's knowledge. Further, an agent is
     subject to a duty not to act or to agree to act during the period of his agency for persons whose interests conflict
     with those of the principal in matters in which the agent is employed.


If your Agent has breached the duty of loyalty, can you seek the return of one hundred percent (100%) of his earnings?



employment.pdf
File Size: 41 kb
File Type: pdf
Download File

445 East Broad Street,  Westfield, NJ 07090   (908) 232-0292

© 2020 David B. Foltz, Esq. All rights reserved.       
Proudly powered by Weebly