Common use of Adverse Interests Clause in Contracts

Adverse Interests. A. The CONSULTANT acknowledges that in rendering his professional services, he has to be completely loyal to tbe AUTHORI1Y, including not having adverse interests toward the Government of Puerto Rico. These adverse interests include repres enting clients who have or may have conflicting interests with tbe Government of Puerto Rico. This duty also includes a continuing obligation to disclose to the AUTHORI1Y al the circurnstances of his relationships with customers and third parties, as wel! as any interest that may influence the AUTHORI1Y when executing this Agreement or during its termo B. The CONSULTANT makes explicit recognition ofhis duty not to accept professional or personal interest in any matter to result in conflict oE interest 'W�th the AUTHORI1Y. In addition, the CONSULTANT certifies that, at presem, neither he nor any ofits shareholders, partners, officers, principals, employees, subsidiaries or parent companies, have professional or personal interest in any matter that resules in conflict of interest with the AUTHORITY. C. The CONSULTANT has conflicting ineerests when, on behalf ofa client, ie is his duty to promote whae he muse oppose to in complying with his obligations to any past, currem or poeential clients. The CONSULTANT also represents conflicting interests when his behavior is described as such in the recognized standards of ethics of his profession, or the laws and regulations of the Governmem ofPuerto Rico. In Agreements with partnerships or fums, a violation of this prohibition wil occur if any of his shareholders, directors, partners or employees incurs in the conduct described herein. The CONSULTANT muse avoid even the appearance of the existence of conflicting interests.

Adverse Interests. A. The CONSULTANT acknowledges that in rendering his bis professional servicessemces, he has to be completely completcly loyal to tbe AUTHORI1Ythe AUTHORITY, including not having adverse interests toward the Government Govetnment of Puerto Rico. These adverse interests include repres enting representing clients who have or may have conflicting interests with tbe Government the Govetnment of Puerto Rico. This duty also includes a continuing obligation to disclose to the AUTHORI1Y AUTHORITY al the circurnstances circumstances of his relationships bis relationsbips with customers and third partiespatries, as wel! well as any interest that may influence the AUTHORI1Y AUTHORITY when executing this Agreement or during its termo B. The CONSULTANT makes explicit recognition ofhis of bis duty not to accept v'� . �}▇ professional or personal interest in any matter to result in conflict oE of interest 'W�th with the AUTHORI1Y. AUTHORITY. In addition, the CONSULTANT certifies that, at presempresent, neither he nor any ofits of its shareholders, partners, officers, principals, employees, subsidiaries or parent companies, have professional or personal interest in any matter that resules results in conflict of interest with the AUTHORITY. C. The CONSULTANT has conflicting ineerests interests when, on behalf ofa of a client, ie it is his bis duty to promote whae what he muse must oppose to in complying with his bis obligations to any past, currem current or poeential potencial clients. The CONSULTANT also represents conflicting interests when his bis behavior is described as such in the recognized recoed standards of ethics of his bis profession, or the laws and regulations of the Governmem ofPuerto Govetnment of Puerto Rico. In Agreements with partnerships pattnersbips or fumsfitms, a violation of this prohibition probibition wil occur if any of his bis shareholders, directors, partners pattners or employees incurs in the conduct described herein. The CONSULTANT muse must avoid even the appearance of the existence of conflicting interests.

Adverse Interests. A. The CONSULTANT acknowledges that in rendering his professional services, he has to be completely loyal to tbe AUTHORI1Yro the AUTHORITI, including not having adverse interests toward the Government of oE Puerto Rico. These adverse advers e interests include repres enting representing clients who have or Dr may have conflicting interests imerests with tbe Government the Governmem of Puerto Rico. This duty also includes a continuing obligation to disclose to the AUTHORI1Y AUTHORITI al the circurnstances circumstances of his relationships with customers �v 91h. and third parties, as wel! well as any interest that may influence the AUTHORI1Y AUTHORITI when executing this Agreement tl1Í.s Agreemem or during its termo B. The CONSULTANT makes explicit recognition ofhis of his duty not to accept professional or personal interest pers onal imerest in any matter to result in conflict oE of interest "'W�th the AUTHORI1Y. AUTHORITI. In addition, the CONSULTANT certifies certilies that, at presempresent, neither he nor any ofits of its shareholders, partners, officers, principals, ) employees, subsidiaries or parent parenr companies, have professional or personal interest interesr in any matter that resules results in conflict of interest with "'�th the AUTHORITYAUTHORITI. C. The CONSULTANT has conflicting ineerests interests when, on behalf ofa clientof a cliem, ie it is his duty to ro promote whae what he muse must oppose to in complying with his obligations to any past, currem or poeential clientspotential clients . The CONSULTANT also represents represenrs conflicting interests when his behavior is described as such in the recognized standards of ethics of his profession, or the laws and regulations of the Governmem ofPuerto Rico. In Agreements Agreemems with partnerships or fumsfirms, a violation of this prohibition wil occur if any of his shareholders, directorsdirectors , partners or employees incurs in the conduct described herein. The CONSULTANT muse must avoid even the appearance of the existence of conflicting interests.

Adverse Interests. A. The CONSULTANT acknowledges that in rendering his professional services, he has to be completely loyal to tbe AUTHORI1Ythe AUTHORITY, including not having adverse interests toward the Government C0111nonwealth of Puerto Rico. These T11ese adverse interests include repres enting representing clients who have or may have conflicting interests with tbe Government the Commonwealth of Puerto Rico. This duty also includes a continuing obligation to disclose to the AUTHORI1Y al AUTHORITY all the circurnstances circumstances of his rus relationships with customers and third parties, as wel! as any interest that may influence the AUTHORI1Y AUTHORITY when executing this Agreement or during its termotel1TI. B. The CONSULTANT CONSU[;TANT makes explicit recognition ofhis of his duty not to accept professional or personal interest in any matter to result in conflict oE of interest 'W�th with the AUTHORI1Y. AUTHORITY. In addition, the CONSULTANT certifies that, at presempresent, neither he nor any ofits of its shareholders, partners, officers, principals, employees, subsidiaries or parent companiescompames, have professional or personal interest in any matter that resules results in conflict of interest with the AUTHORITY. C. The CONSULTANT has conflicting ineerests interests when, on behalf ofa of a client, ie it is his rus duty to promote whae what he muse must oppose to in complying with his rus obligations to any past, currem current or poeential potential clients. The CONSULTANT also represents conflicting interests when his rus behavior is described as such in the recognized standards of ethics of his rus profession, or the laws and regulations of the Governmem ofPuerto Commonwealth of Puerto Rico. In Agreements contracts with partnerships partnersrups or fumsfirms, a violation of this prohibition wil prorubition will occur if any of his shareholders, directors, partners or employees incurs in the conduct described herein. The CONSULTANT muse must avoid even the appearance of the existence ex1stence of conflicting interests.