Define: Informed Intermediary

An informed intermediary is a legal term used to describe a person or entity that acts as a middleman between two parties and possesses knowledge or information that is crucial for the transaction or relationship between those parties.

The responsibilities of an informed intermediary may vary depending on the specific context, but generally, they are expected to provide accurate and complete information to both parties, ensure transparency in the transaction, and act in the best interests of both parties.

Yes, an informed intermediary can be held liable if they provide false or misleading information that causes harm or loss to one or both parties involved. However, liability may depend on factors such as the intermediary’s level of knowledge, their duty of care, and any disclaimers or limitations of liability in place.

While it is not always necessary to have a written agreement with an informed intermediary, it is highly recommended. A written agreement helps establish the roles, responsibilities, and expectations of all parties involved, and can provide clarity in case of any disputes or misunderstandings.

In general, an informed intermediary should not disclose confidential information to one party without the consent of the other, unless required by law or authorized by the parties involved. Breaching confidentiality can lead to legal consequences and damage the trust between the intermediary and the parties.

Yes, an informed intermediary generally has the right to terminate their relationship with one or both parties, provided they comply with any contractual obligations or legal requirements. However, termination should be done in good faith and without causing undue harm or prejudice to the parties involved.

An informed intermediary is generally not held responsible for the actions or decisions made by the parties they represent, as long as they have fulfilled their duties and responsibilities as an intermediary. However, if the intermediary actively participates in or encourages illegal or unethical behavior, they may be held liable.

An informed intermediary can be held liable for financial losses incurred by the parties if they have breached their duty of care, provided false information, or acted negligently. However, the extent of liability may depend on various factors, including any disclaimers or limitations of liability agreed upon.

An informed intermediary is generally not held responsible for disputes or disagreements between the parties, as their role is to facilitate communication and provide information. However, if the intermediary has contributed to the dispute through negligence or misconduct, they may be held partially responsible.

An informed intermediary may be held liable for damages caused by third parties if they were aware of the potential risks or had a duty to warn the parties involved. However, liability may depend on factors such as the intermediary’s level of knowledge, their duty of care, and any disclaimers or limitations of liability in place.