The "No Conflict of Interest" clause ensures that the parties involved in a contract do not have any personal or financial interests that could potentially influence their impartiality or decision-making. It requires the parties to disclose any potential conflicts and to avoid situations where their interests might conflict with the obligations outlined in the contract.
The portion exceeding the allowances for trust expenses will be donated to groups that have no conflict of interest with the Company and the Company Directors and officers.
No Conflict of Interest. During the term of Executive’s employment with Company, Executive must not engage in any work, paid or unpaid, or other activities that create a conflict of interest. Such work and/or activities shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Executive’s employment with Company, as may be determined by Company Board of Directors in its sole discretion. If Company’s Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask Executive to choose to discontinue the other work and/or activities or resign employment with Company.
No Conflict of Interest. During Executive’s employment with Company and at all times Executive is receiving Severance Payments pursuant to this Agreement, Executive must not engage in any work, paid or unpaid, that creates an actual conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, Executive, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during Executive’s employment with Company, as may be determined by the Company in its sole discretion. If Company believes such a conflict exists during the term of this Agreement, Company may ask Executive to choose to discontinue the other work or resign employment with Company. In addition, Executive agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company’s prior written consent, during Executive’s employment and any period of time Executive is receiving Severance Payments pursuant to this Agreement.
It is paramount to highlight that there is categorically no conflict of interest, a fact made evident by the recent arbitration award of $100M in favor of UPH.
NO CONFLICT OF INTEREST. The Independent Contractor represents that he/she has the right and authority to enter into this Agreement and by doing such will not be in breach of any existing agreements. During the term of this Agreement and for a period of 1 year thereafter, the Independent Contractor will not accept work, enter into a contract, or accept an obligation from any third party in breach of the Independent Contractor’s obligations under this Agreement. The Independent Contractor agrees to indemnify the Company from any and all loss or liability incurred by reason of the alleged breach by the Independent Contractor.
The company agrees you may continue your current Outside Director and Trustee roles alongside your position as CFO of Bio-Rad, provided that there continues to be no conflict of interest between these positions and your role at Bio-Rad. Any future opportunities as an Outside Director must be discussed and approved by the CEO.
NO CONFLICT OF INTEREST. During the term of VestCo's retention with Company, VestCo must not engage in any work, paid or unpaid, that creates an actual conflict of interest with Company. Such work shall include, but is not limited to, directly or indirectly competing with Company in anyway, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of VestCo's retention with Company, as may be determined by the Board of Directors in its sole discretion. If the Board of Directors believes such a conflict exists during the term of this Agreement, the Board of Directors may ask VestCo to choose to discontinue the other work or terminate this Agreement. In addition, VestCo agrees not to refer any client or potential client of Company to competitors of Company, without obtaining Company's prior written consent, during the term of VestCo's retention.
No Conflict of Interest. Employee acknowledges and agrees that he is subject to that certain Non-Solicitation, Non-Competition, and Confidentiality Agreement by and among Employee, SCB and the Bank, dated April 26, 2021 and incorporated herein by reference. During the Term, Employee must not engage in any work, paid or unpaid, that creates an actual conflict of interest with SCB or the Bank. Such work shall include, but is not limited to, directly or indirectly competing with SCB or the Bank in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent (in each case, other than in the form of a passive investment not to exceed 5% of the outstanding shares of any class of security or of the total outstanding equity of any company) of any business enterprise of the same nature as, or which is in direct competition with, the business (and in the same location or city or County where the Bank is located) in which SCB and the Bank is now engaged or in which SCB and the Bank becomes engaged during the Term. If Bank believes such a conflict exists during the Term, Bank may ask Employee to choose to discontinue the other work or resign employment with Bank. In addition, Employee agrees not to refer any client or potential client of SCB or the Bank to competitors of SCB or the Bank, without obtaining the Bank’s prior written consent.
No Conflict of Interest. During the term of this Agreement, Consultant will not accept work, enter into a contract, or accept an obligation, inconsistent or incompatible with Consultant’s obligations, or the scope of service rendered for Altimmune, under this Agreement. Consultant warrants that, to the best of Consultant’s knowledge, there is no other contract or duty on Consultant’s part which conflicts with or is inconsistent with this Agreement.
No Conflict of Interest. During the term of Employee’s employment with Company, Employee agrees not to engage in any work, paid or unpaid, or other activities that create a conflict of interest. Such work and/or activities shall include, but is not limited to, directly or indirectly competing with Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which Company is now engaged or in which Company becomes engaged during the term of Employee’s employment with Company, as may be determined by Company in its sole discretion. If Company believes such a conflict exists during the term of this Agreement, Company may ask Employee to, and Employee shall, discontinue the other work and/or activities or resign employment with Company.
A “No conflict of interest” statement is a declaration made by an individual or organization affirming that there is no form of personal or financial interest that might bias or improperly influence their professional actions or decisions. This statement is often used in contexts where impartiality and objectivity are crucial.
You should use a “No conflict of interest” statement in situations where:
When writing a “No conflict of interest” statement, you should:
Example:
I declare that I have no conflicts of interest related to this research/study/project. I have no personal or financial relationships that could influence my work.
“No conflict of interest” clauses are typically found in contracts such as:
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The "No Default" clause ensures that a party declares there are no existing breaches or violations of any agreements or obligations at the time of entering into the new contract. It provides assurance to the other party that all previous commitments have been met and no circumstances exist that could impede the performance of the contract.
The "No Employment Commitment" clause clarifies that neither party intends to create a formal employment relationship through their agreement. It specifies that the agreement does not guarantee employment, permanent or otherwise, for either party involved.
The "No Exclusivity" clause ensures that the parties involved are not restricted from engaging in similar relationships or contracts with other entities. This clause allows each party to pursue additional opportunities without breaching the terms of the current agreement.
Try our AI contract analysis and extract important clauses and information from existing contracts.
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