What is Business Affairs of Lawyer?
A lawyer shall not enter into a business transaction with a client or knowingly acquire an ownership, possessory, security or other pecuniary interest adverse to a client unless the transaction and terms are fair and reasonable to the client and are fully disclosed and transmitted in a clear and understandable writing; and the client must receive written advice that it would be desirable to get an independent opinion from another lawyer; and the client must give written informed consent. Rule 1.8(a)
Further Reading
For more detailed information, see our related Ethics terms:
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