Conflict of Interest Waiver
Conflict of Interest Waiver
This Conflict of Interest Waiver Agreement ("Agreement") is entered into by and between [YOUR COMPANY NAME] ("Company") and [YOUR NAME] ("Participant"), collectively referred to as "Parties".
I. Acknowledgment of Potential Conflict
Participant acknowledges that they are involved in other professional activities or businesses which can potentially pose a conflict of interest with [YOUR COMPANY NAME]. The specific activities considered to potentially conflict are outlined as:
- [Describe Potential Conflicting Activities]
II. Disclosure
Participant has disclosed to [YOUR COMPANY NAME] all relevant details pertaining to [YOUR DEPARTMENT] or external activities that could materially affect the Participant’s obligations and responsibilities towards the Company.
III. Agreement to Waive Conflict of Interest
By signing this document, Participant agrees to proceed with their involvement with [YOUR COMPANY NAME], notwithstanding the possible conflict of interest. Furthermore, [YOUR COMPANY NAME] acknowledges the disclosure and consents to Participant's involvement despite the potential conflicts.
IV. Terms of Engagement
The Participant guarantees to act in the best interest of [YOUR COMPANY NAME] throughout their engagement, ensuring that their decisions and actions align with the company’s goals and do not favour any other parties where a conflict of interest is acknowledged.
V. Voluntary Participation and Informed Consent
Participation in this arrangement is entirely voluntary. [YOUR NAME] acknowledges they have had the opportunity to consult with legal counsel regarding this Agreement, understand its implications fully, and consent to the terms laid out herein freely and voluntarily.
VI. Legal Validity
This Agreement is guided and must be interpreted in accordance with the laws of the jurisdiction where [YOUR COMPANY NAME] operates. This document represents the complete understanding between the Parties regarding the issues of conflict of interest and supersedes all prior discussions and agreements.
VII. Signature
Each party has caused this Conflict of Interest Waiver Agreement to be signed by its duly authorized representative:
[PARTICIPANT'S NAME]
[DATE]
