Common use of Conflicting Interest Clause in Contracts

Conflicting Interest. Any person appointed as an Expert shall before accepting such appointment fully disclose any interest or duty he/she has or may have which conflicts or may conflict with his/her function under such appointment. The Expert shall also fully disclose any such interest or duty incurred at any time before he/she gives his/her opinion under such appointment, provided always that no person shall be appointed as an Expert if this person, at the time of appointment, is an employee, agent or representative of either Party or of any Affiliated Company or of any company in which either Party has a direct significant financial interest.

Appears in 37 contracts

Samples: Standard Storage Agreement, Standard Transmission Agreement, Standard Transmission Agreement

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