(a) No current or previous conflict of interest. This contractor has no commercial, professional, personal or other interest, including, but not exclusively, representing other clients who, in any way or in any way, would be in conflict with the performance of his obligations under this Agreement. Seller preference: The seller only wishes to speak (and/or disclose) with conflicts and consents that have a significant impact on the transaction. Specifically, the seller does not wish to be held liable for a misrepresentation in this section, unless the submission refers to its own organizational documents or has a significant negative impact on the transaction or the value of the assets purchased. In other words, the seller will want a minimum essential qualifier, but ideally, disclosure would only be necessary if the conflict or consent had a significant negative effect. If your contractors or part-time employees provide services to another financial institution during the same period, it is not necessarily a conflict of interest for them. You can`t really stop your digital distributor or your lawyer or accounting service provider, or even your human resources officer, from serving others in your industry, as long as they treat everyone`s information privately and confidentially. b) communication on potential conflicts. In the event of a real or potential conflict of interest under this agreement, the contractor immediately informs the company in writing of this conflict. Non-competition clauses are often confused with conflict of interest clauses. I have seen many codes of conduct in which the two terms have been used interchangeably and I do not think that is a good practice. A conflict of interest is a situation in which your employee or contractor (we always talk about employment or a “person-vs Company” relationship) cannot meet their obligations impartially or provide objective and impartial professional advice because their ability to do a good job is compromised.

A classic conflict of interest can arise when your employees use your platform as customers, while they have inside information about other users` price trends or transactions or new products that will soon be launched.