Common use of Cancellation for Conflict of Interest Clause in Contracts

Cancellation for Conflict of Interest. This Purchase Order is subject to cancellation if there is found to be a conflict of interest between any University employee and Supplier. University policy requires avoidance of conflicts of interest. No University employee shall knowingly participate in a transaction with a Supplier where employee, any member of employee’s immediate family, or any business or financial interest of employee or employee’s immediate family, has a material interest in the Supplier. Additionally, except as provided in University conflict of interest policies, no employee of University will either solicit or accept gratuities, favors or anything of monetary value from Supplier.

Cancellation for Conflict of Interest. This Purchase Order is subject to cancellation if there is found to be a conflict of interest between any University employee and Supplier. University policy requires avoidance of conflicts of interest. No University employee shall knowingly participate in a transaction with a Supplier where employee, any member of employee’s immediate family, or any business or financial interest of employee or employee’s immediate family, has a material interest in the Supplier. Additionally, except as provided in University conflict of interest policies, no No employee of University will either solicit or accept gratuities, favors or anything of monetary value from Supplier.