conflict of interest


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conflict of interest

A situation that presents the possibility of having to choose which side in a transaction will receive the better service, deal, terms, or representation.The conflict may be choosing between two other parties,such as an agent attempting to represent both buyer and seller in a particular transaction,or it may be between the party and another,such as a real estate broker wishing to purchase property listed with that same broker.Rules regarding handling conflicts of interest generally provide a solution through full disclosure to all parties involved or withdrawal from the situation entirely.

References in periodicals archive ?
During a recent television show on the state broadcaster, Syllouris had expressed doubts as to whether conflict of interest can be satisfactorily regulated, due to its complexity.
Under the current regime, the fine for failure to submit a conflict of interest declaration within the statutory deadline is BGN 1000 a 3000, and in the case of a repeat offense a BGN 3000 a 5000.
In this example the conflict of interest can be said to go further than simply exempting from participation, as the chair's family business was, in theory, competing with the LOC, and the chair could therefore not be acting in the best interests of both the LOC and his own business.
The controversy deepened when it emerged that Yaneva might have had a conflict of interest presiding over the criminal case against the former executives of Sofia municipal real estate firm Sofiiski Imoti, who are charged with selling property at undervalued prices to the city hall's detriment, a "signature case" tracked closely by the European Commission.
Any apparent conflict of interest or real conflict of interest must be disclosed to the client.
WAME has extended the concept of financial conflict of interest to include the effects of clinical income.
Under these circumstances, P has a conflict of interest.
Avoid directing or seeking to influence--directly or indirectly--decisions, votes, or actions upon matters in which they have a conflict of interest
No corresponding personal conflict of interest rules exist for contractor employees, even employees providing direct support to government decision-makers in the context of the blended workforce.
In his thoughtful and widely accepted analysis, Thompson defined conflict of interest as "a set of conditions in which professional judgement concerning a primary interest (such as a patient's welfare or validity of research) tends to be unduly influenced by a secondary interest (such as financial gain).
Since the 2000 guidance, changes in the marketplace--and in FDA's thinking--necessitate certain clarifications and adjustments to conflict of interest guidelines, Gottlieb said.

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