Conflict of Interest Code Clause Samples

A Conflict of Interest Code clause establishes rules and standards to prevent individuals or entities involved in an agreement from engaging in activities where their personal interests could improperly influence their professional decisions. Typically, this clause requires parties to disclose any potential conflicts and may prohibit certain relationships or transactions that could compromise impartiality, such as hiring close relatives or accepting gifts from vendors. Its core function is to maintain integrity and trust in the contractual relationship by ensuring that decisions are made objectively and without undue personal influence.