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

译员圣强，国际仲裁与争端解决专业，专注翻译各种与跨境争议有关的法律文件。