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Conflict of Interest

A conflict of interest refers to a situation in which an individual or entity is placed in a scenario where it would be virtually impossible for them to remain impartial. A conflict of interest has the potential to undermine an individual’s self-interest or the best interest of the general public. A common form of falling into a conflict of interest in the business world is nepotism. This refers to an employer hiring a family member for a high-ranking position at a company when the relative is not the most qualified applicant for the job. Receiving gifts or engaging in self-dealing are also considered forms of conflict of interest.

Related Terms

  • Self-Dealing
  • Nepotism
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    The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.

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