Define: Perceived Conflict of Interest

How is Perceived Conflict of Interest defined in a legal contract?

• Perceived Conflict of Interest means a scenario in which informed people could reasonably assume that a [role] has a Conflict of Interest, even if this is not true. Seen in 5 SEC filings.
• Perceived Conflict of Interest means a set of situations which could undermine the interests of a [role]. Seen in 3 SEC filings.
• Perceived Conflict of Interest means circumstances where a [role], although not in a conflict of interest, appears to have personal interest that puts into question their independence, impartiality and objectivity which they should employ in their role. Seen in 2 SEC filings.
• Perceived Conflict of Interest means when a [role] has a non-financial interest, or others could reasonably assume they have a Conflict of Interest, in a decision being made in their presence, and their interest differs from that shared with other citizens. Seen in 2 SEC filings.
• Perceived Conflict of Interest means a situation where reasonable people could think that an [role] might be influenced in their performance of duties by their private or personal interests. Seen in 1 SEC filing.
• Perceived Conflict of Interest means any situation where reasonably informed people could logically believe that a [role] might have a conflict, even when that is not the case. Seen in 1 SEC filing.
• Perceived Conflict of Interest means circumstances where it appears a [role] might have a conflict of interest or any situation which creates the impression of a conflict of interest. Seen in 1 SEC filing.
• Perceived Conflict of Interest means a state where reasonable, informed people would think that [role]'s performance in their role might be influenced by their private interests or their personal relationships. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of perceived conflict of interest' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Perceived Conflict of Interest means a situation where a [role] noticeably has a distinct, non-financial interest resulting in potential bias.

Relevant Contract Types

• Employment Contract
• Board of Directors Agreement
• Partnership Agreement
• Consulting Agreement

Relevant Circumstances

• The hiring of an employee in a role that requires decision-making where their personal interest could impact fair judgement.
• A board member taking part in a decision where their personal interest could influence the outcome.
• A partner in a business having a personal interest that could affect the partnership's decisions.

Relevant Sectors

• Financial Services
• Technology
• Healthcare
• Manufacturing

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Genie Definition 2

• Perceived Conflict of Interest means circumstances in which an [role]'s private interests influence, or appear to compromise their impartial, professional decision making.

Relevant Contract Types

• Vendor Agreement
• Non-Disclosure Agreement (NDA)
• Professional Services Agreement
• Shareholder Agreement

Relevant Circumstances

• An individual providing professional services where their private interests could impact their service delivery.
• A shareholder in a company having a personal interest that could sway company decisions.
• A vendor with a relative in the customer organization.

Relevant Sectors

• Non-Profit Organizations
• Education
• Government
• Property

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