corporate opportunity doctrine

corporate-opportunity doctrine. The rule that a corporation’s directors, officers, and employees are precluded from using information gained as such to take personal advantage of any business opportunities that the corporation has an expectancy right or property interest in, or that in fairness should otherwise belong to the corporation. • In a partnership, the analogous principle is termed the firm-opportunity doctrine. [Cases: Corporations 315. C.J.S. Corporations §§ 512–514.]

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词条贡献者

双语律师Max，国际知名法学院法律专业，擅长翻译各类与航空航天、国防及政府服务相关的法律文件。