Loyalty and trust Clause Samples
The 'Loyalty and trust' clause establishes an expectation that parties will act in good faith and maintain mutual confidence throughout their relationship. In practice, this means each party is required to prioritize the interests of the partnership, avoid conflicts of interest, and refrain from actions that could undermine the other party’s trust. This clause is essential for fostering a cooperative environment and minimizing the risk of misconduct or betrayal, thereby ensuring a stable and reliable working relationship.
Loyalty and trust. The relationship between the employer and the employee is based on mutual loyalty and trust. The employee shall apply discretion regarding the company’s affairs, such as prices, designs, experiments and research, operating conditions, business circumstances, etc.
Loyalty and trust. The relationship between employer and salaried employee is founded upon mutual loyalty and mutual trust. A salaried employee shall observe discretion regarding the company’s affairs, such as pricing, designs, experiments and studies, operating conditions, business matters and similar.