duty of disclosure; obligation to notify
Legal term referring to the obligation to inform another party of relevant facts, often in contracts, insurance, or regulatory contexts.
In insurance contracts, violating the duty of disclosure may result in cancellation of the contract.
This transaction gives rise to a duty to inform the buyer.
説明義務 is a broader duty to explain or provide information, often used in consumer protection or administrative law, while 告知義務 specifically refers to the duty to disclose known facts, typically in contractual or insurance settings.
Compound of 告知 (notification, disclosure) and 義務 (duty, obligation). The term is a direct translation of the legal concept 'duty of disclosure' and is used primarily in legal and business contexts.