What are Fiduciary Duties?

Fiduciary duties refer to the responsibilities that one party has to act in the best interest of another party, particularly within professional relationships. This notion embodies the trust and confidence placed in the professional, such as an interior designer, by their client. The fiduciary duty encompasses obligations such as loyalty, care, and full disclosure, ensuring that the professional prioritizes the client's needs and interests above their own.

In the context of interior design, this means that designers must navigate their client's preferences, financial constraints, and objectives while providing informed advice and making decisions that are beneficial to the client's project. This level of trust is essential because clients often rely on their designers for expertise, making it critical that designers uphold this standard of care and commitment to the client's best interests.

While the other options touch on related concepts—such as legal obligations and accountability for errors—they do not fully encapsulate the essence of fiduciary duties, which fundamentally center around the trust and responsibility inherent in the professional-client relationship.