- corporate opportunity doctrine
corporate op·por·tu·ni·ty doctrine n: a doctrine of corporate law stating that fiduciaries of the corporation (as directors or officers) may not take for themselves a business opportunity offered to the corporation
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- corporate opportunity doctrine
USAA legal principle that prohibits an officer or director of a corporation from diverting a business opportunity presented to, or otherwise rightfully belonging to, the corporation to himself or any of his affiliates. This doctrine derives from an officer's or director's duty of loyalty to the corporation.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
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