Improper Business Relationships and Conflict of Interest Prohibited Sample Clauses

The "Improper Business Relationships and Conflict of Interest Prohibited" clause serves to prevent parties involved in an agreement from engaging in activities or relationships that could compromise their objectivity or create competing interests. Typically, this clause prohibits employees, contractors, or agents from accepting gifts, favors, or engaging in outside business dealings that could influence their decisions or actions related to the contract. By establishing clear boundaries, the clause helps maintain ethical standards and ensures that all decisions are made in the best interest of the contracting parties, thereby reducing the risk of biased or unethical conduct.
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Improper Business Relationships and Conflict of Interest Prohibited. In connection with this Agreement, Construction Manager shall ensure that no improper, unethical, or illegal relationships, or conflict of interest exists between or among Construction Manager, the Owner and any staff and faculty, and any other party to this Agreement. Owner reserves the right to determine the materiality of such relationships, when discovered or disclosed, whether intended or not; and to decide whether or not cancellation of award shall result. Such cancellation shall be at no fault or liability whatsoever to Owner.
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Improper Business Relationships and Conflict of Interest Prohibited. In connection with this Agreement, Vendor shall ensure that no improper, unethical, or illegal relationships, or conflict of interest exists between or among Vendor, the University and any staff and faculty, and any other party to this Agreement. Owner reserves the right to determine the materiality of such relationships, when discovered or disclosed, whether intended or not; and to decide whether or not cancellation of award shall result. Such cancellation shall be at no fault or liability whatsoever to Owner.
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Improper Business Relationships and Conflict of Interest Prohibited. In connection with this Agreement, Consultant shall ensure that no improper, unethical, or illegal relationships, or conflict of interest exists between or among Consultant, the University and any staff and faculty, and any other party to this Agreement. University reserves the right to determine the materiality of such relationships, when discovered or disclosed, whether intended or not; and to decide whether or not cancellation of award shall result. Such cancellation shall be at no fault or liability whatsoever to University.
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Improper Business Relationships and Conflict of Interest Prohibited. In connection with this Agreement, FIRM shall ensure that no improper, unethical, or illegal relationships, or conflict of interest exists between or among FIRM, the OWNER and any staff and faculty, and any other party to this Agreement. OWNER reserves the right to determine the materiality of such relationships, when discovered or disclosed, whether intended or not; and to decide whether or not cancellation of award shall result. Such cancellation shall be at no fault or liability whatsoever to OWNER.
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Related to Improper Business Relationships and Conflict of Interest Prohibited

  • Conflict of Interest Contractor Personnel 2.5.1 The A-E shall exercise reasonable care and diligence to prevent any actions or conditions that could result in a conflict with the best interests of the COUNTY. This obligation shall apply to the A-E; the A-E’s employees, agents, and relatives; sub-tier contractors; and third parties associated with accomplishing work and PROJECTS/SERVICES hereunder. 2.5.2 A-E’s efforts shall include, but not be limited to establishing precautions to prevent its employees or agents from: making, receiving, providing or offering gifts, entertainment, payments, loans or other considerations which could be deemed to appear to influence individuals to act contrary to the best interests of the COUNTY.

  • Business Relationships There are no business relationships or related party transactions involving the Company or any other person required to be described in the Registration Statement, the Pricing Disclosure Package and the Prospectus that have not been described as required.

  • Conflict of Interest – Contractor’s Personnel The Contractor shall exercise reasonable care and diligence to prevent any actions or conditions that could result in a conflict with the best interests of the County. This obligation shall apply to the Contractor; the Contractor’s employees, agents, and subcontractors associated with accomplishing work and services hereunder. The Contractor’s efforts shall include, but not be limited to establishing precautions to prevent its employees, agents, and subcontractors from providing or offering gifts, entertainment, payments, loans or other considerations which could be deemed to influence or appear to influence County staff or elected officers from acting in the best interests of the County.

  • Certain Business Relationships Neither Parent nor any of its affiliates is a party to any Contract with any director, officer or employee of the Company or any Company Subsidiary.

  • Business Relations The contractor shall successfully integrate and coordinate all activity needed to execute the requirement. The contractor shall manage the timeliness, completeness, and quality of problem identification. The contractor shall provide corrective action plans, proposal submittals, timely identification of issues, and effective management of subcontractors. The contractor shall seek to ensure customer satisfaction and professional and ethical behavior of all contractor personnel.