Definition Of Conflict Of Interest In Law

Conflict of interest n. A conflict of interest occurs when a person s or entity s vested interests raise a question of whether their actions judgment and or decision making can be unbiased. This includes when an individual s personal interests or concerns are inconsistent with the best for a customer or when a public official s personal.

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The term conflict of interest in the legal world refers to a situation wherein an individual is in a position to exploit his professional capacity for his own benefit.

Definition of conflict of interest in law. A situation in which a person has a duty to more than one person or organization but cannot do justice to the actual or potentially adverse interests of both parties. A situation in which a person has a duty to more than one person or organization but cannot do justice to the actual or potentially adverse interests of both parties. For example a conflict of interest would arise if one law firm tried to represent both parties in a divorce case. November 7 2018 by.

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