Common use of Organizational Conflicts of Interest Clause in Contracts

Organizational Conflicts of Interest. (a) Definition. An organizational conflict of interest is a set of facts or circumstances, a relationship, or other situation under which Vendor, agent or Subcontractor has past, present, or currently planned personal or financial activities or interests that either directly or in- directly: (1) Impairs or diminishes Vendor’s, agent’s or Subcontractor’s ability to render im- partial or non-discriminatory Services to DIR and the Customers; or (2) Provides the Vendor, agent or Subcontractor an unfair competitive advantage in the Procurement and future DIR procurements.

Organizational Conflicts of Interest. (a) Definition. 19.7.1 Definition An organizational conflict of interest is a set of facts or circumstances, a relationship, or other situation under which VendorSuccessful Respondent, agent or Subcontractor has past, present, or currently planned personal or financial activities or interests that either directly or in- directlyindirectly: (1a) Impairs or diminishes VendorSuccessful Respondent’s, agent’s ’s, or Subcontractor’s ability to render im- partial impartial or non-discriminatory Services to DIR and the Customers; or (2b) Provides the VendorSuccessful Respondent, agent agent, or Subcontractor an unfair competitive advantage in the Procurement and future DIR procurements.