In Wisconsin license law, a firm involved in multiple representation without designated agency must:

In Wisconsin license law, a firm involved in multiple representation without designated agency must owe both parties loyalty duties. This means that the firm must act in the best interests of each client involved in the transaction, ensuring that they do not favor one client over another. The duty of loyalty is fundamental in maintaining trust and integrity in the relationship between the clients and the firm.

In this context, while firms must navigate the complexities of representing multiple clients, they cannot prioritize the interests of one client over the other. Maintaining neutrality in client communication and ensuring transparency are important considerations but do not encompass the overarching duty of loyalty that the firm must uphold in such situations. Thus, the requirement to owe both parties loyalty duties ensures that both clients receive fair treatment and that the firm acts ethically throughout the representation.