Corporate Opportunity Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Corporate Opportunity, written in plain English, along with examples of how it is used.
What is Corporate Opportunity?
It is an oppurtunity in business that a corporate is aware of and working on taking advanatge of such oppurtunity. It is usually known to higher management like directors, who has a duty not to disclose to anyone outside company which may harm the business and lead to leakage of company plans. The corporates have right to file a case against such individuals in their organisation for using such information of coprporation oppurtunities against the companies benefit.