Conflict Of Interest 1) A real or apparent conflict between one's professional or official duties and one's private interests. 2) A situation where one duty conflicts with another -- for example, if an attorney were to represent both parties in a divorce proceeding.
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Conflict of Interest definition:
A personal interest that conflicts with a public or fidiciary interest.
Related Terms: Chinese Wall, Nemo Judex In Parte Sua
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Conflict Of Interest
It refers to the situation where a person who has been entrusted certain duties or who has been a holding a postion of trust in an organisation, is having a conflicting effects on his/her duties and his/her personal gain. For eg.
conflict of interest
"Conflict of interest" means a person appointed to a local citizen review board who has a personal or pecuniary interest in a case being reviewed by that board.
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Conflict of Interest:
The circumstance of a person who finds that one of his activities, interests, etc. may have a contrary interest on another of his interests or activities.
To comply with a specified use, particularly involving real estate zoning by-laws.
~: When any professional is not capable of performing services due to previous relationships or present relationships and/or a situation where confidentiality can be broken.
Constable: A person who is given the legal right to serve process.
~ - Refers to a situation when someone, such as a lawyer or public official, has competing professional or personal obligations or personal or financial interests that would make it difficult to fulfill his duties fairly.
~: A clash between public interest and the private pecuniary interest of the individual concerned.
~: This arises when an attorney is unable to represent a party because of other obligations.
CONSECUTIVE SENTENCES: Sentences imposed by the court, succeeding one another in regular order. ...
n. a situation in which a person has a duty to more than one person or organization, but cannot do justice to the actual or potentially adverse interests of both parties.
A situation where a person's own interests, or a duty towards someone else, may affect the way they carry out a duty towards others.
Generally, when used to suggest disqualification of a public official from performing his sworn duty, term "conflict of interest" refers to a clash between public interest and the private pecuniary interest of the individual concerned.
(see: conflict of interest)
How are the directors and officers of a corporation chosen?
What responsibilities does a director, an officer, or a majority shareholder owe to the corporation or to other shareholders? (see: fiduciary duty) ...
A fiduciary must not allow any conflict of interest to affect his duties and would not normally be allowed to profit from his position.
When an attorney engages in a conflict of interest on the same matter, he or she is in a position to act on the confidential information learned from the relationship with the first client, whether or not that information is actually disclosed or acted upon in advising the new client.
n. the act of a judge or prosecutor being removed or voluntarily stepping aside from a legal case due to conflict of interest or other good reason.
n. the act of redeeming, buying back property by paying off a loan, interest and any costs of foreclosure.
A situation in which a judge or prosecutor is removed or steps down from a case. This often happens when the judge or prosecutor has a conflict of interest -- for example, a prior relationship with one of the parties.
A legal or factual issue that is irrelevant to the case at hand.
For instance, the fiduciary must exercise those rights only for the benefit of the beneficiary; must not allow any conflict of interest to affect their duties towards the beneficiary; and must exercise a high standard of care in protecting or promoting the interests of the beneficiary.
COUNSEL PLAN: A statute which provides free legal representation by a private lawyer who is appointed to indigent criminal defendants where there is no Legal Aid Society or public defenderšs office, or where these agencies are unable to provide representation because of a conflict of interest or ...
recuse: To excuse (oneself) or be excused from a criminal or civil proceeding because of conflict of interest. For example, a judge may recuse himself or herself from a case because of personal or professional involvement with 1 or more of the parties.
recusal - Term used to describe an instance in which a judge is removed (voluntarily or involuntarily) from a case. This typically occurs when the judge has a conflict of interest.
A fiduciary must not allow any conflict of interest to infect their duties towards the beneficiary and must exercise a high standard of care in protecting or promoting the interests of the beneficiary.
The signed retainer begins the client-lawyer relationship from which flow many responsibilities and duties, primarily on the lawyer, including to provide accurate legal advice, to monitor limitation dates and to not allow any conflict of interest with the relationship with the client.
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 These duties are often said to encompass a duty of good faith and a duty of disclosure (when, for example, the agent has a conflict of interests).
In Canada, for example, it is common for government ministers to vest all their investment property to a blind trust to avoid any conflict of interest. Bona vacantia Property that belongs to no person, and which may be claimed by a finder.
See also: What is the meaning of Interest, Law, Court, Person, Lawyer?