Connect with knowledgeable individuals and find the best answers at IDNLearn.com. Our platform provides detailed and accurate responses from experts, helping you navigate any topic with confidence.
Sagot :
If a court orders the agent to return funds earned as a result of breaching their duty of loyalty to the principal, this is known as Disgorgement.
What is Disgorgement?
- A remedy demanding the forfeiture of any profits made as a result of an individual's illegal or unjust activity by a person who benefits from such conduct.
- This solution's main goal is to stop unfair enrichment contracts. In order to prevent unfair enrichment, the court may order a defendant to forfeit whatever income they made as a result of wrongdoing or illegal activity.
- This equitable remedy is called disgorgement.
- The plaintiff need not have endured any sort of damages in order to receive disgorgement.
- The defendant must have been negligent in order for the plaintiff to seek disgorgement for the harm sustained.
- Disgorgement is an option for a contract breach, but only under unusual circumstances
Hence, Disgorgement is the legal term for when a court compels an agent to repay the money they earned for failing to uphold their duty of loyalty to the principal.
To learn more about Disgorgement refer to:
https://brainly.com/question/18089126
#SPJ4
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for choosing IDNLearn.com. We’re committed to providing accurate answers, so visit us again soon.