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Update checkbox on parent when any of it's child records are updated
I have 2 objects contact(Parent) and loyalty__c (child), i have checkbox field (Loyalty_Eligibility__c) and text field(Loyalty_Lifetime_value__c) on both the objects so when this check box is checked and text field entered on any of it's child records then the parent field (Contact_Eligibility__c,Contact_Lifetime_value__c) has to be updated and viceversa.
But, you need to be careful in making sure that you don't end up in recursive triggers.