Legal Definition
Ethics, in a legal context, refers to the fundamental principles or standards of conduct that guide the behavior of individuals or entities within a legal framework. It dictates the moral or professional obligations that must be met when performing duties or engaging in legal transactions.
Plain-English Translation
Ethics means the right way to act; it's about knowing what is right and wrong, especially when dealing with rules and contracts. For example, if you have a rule about honesty, ethics tells you how to behave correctly in a business deal.