Conflict of Interest Agreement Template 2025

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Examples of conflicts of interest at work an employee works part-time at two competing companies. a supervisor doesnt report their friends wrongdoings at work to protect them. a manager starts a romantic relationship with their team member and offers them preferential treatment, such as shorter shifts and easier
A conflict of interest agreement is a document that outlines the relationship between two parties and provides protection for one party in case of a conflict of interest. It helps to protect against unfair competition and offers an unbiased way for both parties to resolve disputes amicably.
What is a Conflict of Interest? A conflict of interest occurs when an individuals personal interests family, friendships, financial, or social factors could compromise his or her judgment, decisions, or actions in the workplace.
Example Language: I have a financial interest in NewCo, Inc. which could potentially benefit from the outcomes of this research. I am the inventor of WidgetA, which is licensed to NewCo, Inc. The outcomes of this research may improve WidgetA, which could result in a financial benefit to me / NewCo, Inc.
The types of conflict of interest include romantic or relational, financial, competitive, and confidential conflict of interests. They all involve individuals engaging in activities that lead to personal gain at the expense of the organizations they work for.
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