Full disclosure refers to the complete and transparent provision of all relevant information, facts, and details related to a particular transaction, agreement, or situation. In legal contexts, it often pertains to financial transactions, contracts, and securities regulations. Parties involved in a transaction or agreement are required to disclose all material information that could influence the decision-making process of the other party. Failure to provide full disclosure can lead to legal consequences, such as claims of fraud, misrepresentation, or breach of contract. Full disclosure promotes fairness, honesty, and informed decision-making among parties involved in legal, business, and financial transactions.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March, 2024.
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