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4677 A party does not have a fiduciary obligation unless it either knowingly undertakes to act on behalf and for the benefit of another, or enters into a relationship that imposes such an undertaking as a matter of law; the fact that one party has entrusted secret information to another for development and marketing does not necessarily establish the existence of a fiduciary relationship between them, although the secrecy of the information may be relevant in making a determination about whether a fiduciary relationship was created.CitationCITY OF HOPE v GENENTECH (Synthetic Proteins) 43 C4 375 [See: CivC 3294; Stevens v Marco 147 CA2 357; Children's Television v General Foods 35 C3 197; Wolf v Superior Court 107 CA4 25, T/AT 4/03]
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