A fiduciary agreement is an agreement that an individual makes with a third party who will use the fiduciary right of ownership of an asset on their behalf. The contract entails that the individual will hand over the fiduciary right with the asset they used when this right expires. This agreement can be made between resident or non-resident individuals or companies.
The fiduciary agreement not only determines the definition of the written asset, but also determines how these property rights will be used. In addition, this agreement determines the category of the person or persons to whom fiduciary rights will be granted.
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