Conflict Of Interest Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Conflict Of Interest, written in plain English, along with examples of how it is used.

What is Conflict Of Interest?

It refers to the situation where a person who has been entrusted certain duties or who has been a holding a postion of trust in an organisation, is having a conflicting effects on his/her duties and his/her personal gain. For eg. A consumer comes to lawyer to file a case against an appliance manufacturing company of which the lawyer os a mahority of shareholder. It becomes a conflict of interest for the lawyer between his duties and his persoanl gain.