Consequences of a situation of conflict of interest Clause Samples

The "Consequences of a situation of conflict of interest" clause defines the actions and outcomes that follow when a conflict of interest is identified within a contractual or professional relationship. Typically, this clause outlines the obligations of the affected party, such as promptly disclosing the conflict, refraining from participating in related decisions, or taking steps to mitigate the conflict. For example, an employee may be required to recuse themselves from certain projects or a contractor might need to notify the client and seek guidance. The core function of this clause is to manage and resolve conflicts of interest transparently, thereby protecting the integrity of the relationship and minimizing potential bias or unfair advantage.
Consequences of a situation of conflict of interest. (a) If a conflict of interest is reported by the expert or established by the contracting party or relevant service, the expert must not carry out the work; (b) If a conflict becomes apparent in the course of its work, the expert must inform immediately the contracting party or relevant service. If a conflict is confirmed, the expert must stop carrying out its work. If necessary, the expert will be replaced.
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Consequences of a situation of conflict of interest. (a) If a conflict of interest is reported by the expert or established by EFCA, the expert must not carry out the work; (b) If a conflict becomes apparent in the course of its work, the expert must inform immediately EFCA. If a conflict is confirmed, the expert must stop carrying out its work. If necessary, the expert will be replaced.
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Related to Consequences of a situation of conflict of interest

  • Organizational Conflict of Interest ‌ The guidelines and procedures of FAR 9.5 will be used in identifying and resolving any issues of organizational conflict of interest at the Order level. In the event that an Order requires activity that would create an actual or potential conflict of interest, the Contractor shall identify the potential or actual conflict to the OCO for review per FAR 9.5.

  • Cancellation for Conflict of Interest Pursuant to A.R.S. § 38-511, the State may cancel this Contract within three (3) years after Contract execution without penalty or further obligation if any person significantly involved in initiating, negotiating, securing, drafting or creating the Contract on behalf of the State is or becomes at any time while the Contract or an extension of the Contract is in effect an employee of or a consultant to any other party to this Contract with respect to the subject matter of the Contract. The cancellation shall be effective when the Contractor receives written notice of the cancellation unless the notice specifies a later time. If the Contractor is a political subdivision of the State, it may also cancel this Contract as provided in A.R.S. § 38-511.

  • Termination for Conflict of Interest HCA may terminate this Contract by written notice to the Contractor if HCA determines, after due notice and examination, that there is a violation of the Ethics in Public Service Act, Chapter 42.52 RCW, or any other laws regarding ethics in public acquisitions and procurement and performance of contracts. In the event this Contract is so terminated, HCA will be entitled to pursue the same remedies against the Contractor as it could pursue in the event Contractor breaches the contract.

  • No Conflict of Interest Contractor has no interest that would constitute a conflict of interest under (i) PCC 10365.5, 10410 or 10411; (ii) Government Code sections 1090 et seq. or 87100 et seq.; or (iii) California Rules of Court, rule 10.103 or 10.104, which restrict employees and former employees from contracting with judicial branch entities.

  • Conflict of Interests The beneficiary undertakes to take all the necessary measures to prevent any risk of conflicts of interests which could affect the impartial and objective performance of the agreement. Such conflict of interests could arise in particular as a result of economic interest, political or national affinity, family or emotional reasons, or any other shared interest. Any situation constituting or likely to lead to a conflict of interests during the performance of the agreement must be brought to the attention of the Commission, in writing, without delay. The beneficiary shall undertake to take whatever steps are necessary to rectify this situation at once. The Commission reserves the right to check that the measures taken are appropriate and may demand that the beneficiary take additional measures, if necessary, within a certain time.