bízottak

Bízottak is a Hungarian term that translates to "entrusted" or "those entrusted" in English. It is often used in a legal and business context to refer to individuals or entities who have been given a specific responsibility or authority to act on behalf of another party. This entrustment can be formal, as in a legal power of attorney, or informal, as in a business arrangement where one person delegates a task to another.

The concept of bízottak implies a fiduciary relationship, meaning the entrusted party has a legal and ethical obligation to act in the best interests of the party who entrusted them. This includes duties of loyalty, care, and good faith. Failure to uphold these duties can result in legal consequences.

In a business setting, bízottak might include agents, representatives, or trustees. For example, a company might entrust a sales agent with the responsibility of selling its products, expecting the agent to act honestly and diligently in their efforts. In family law, a bízott could be someone appointed to manage the affairs of an incapacitated person. The specific rights and responsibilities of a bízott are usually defined by the agreement or legal instrument that establishes the entrustment. The term emphasizes the trust placed in the individual or entity to perform their designated role effectively and ethically.