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If you're made aware of a potential conflict and have deemed it permissible, your next step may be to formalize your decision with a conflict of interest waiver. This waiver is a formal legal document serving as proof that an employee has made all necessary parties aware of the potential conflict.
I confirm that neither I nor any of my relatives nor any business with which I am associated have any personal or business interest in or potential for personal gain from any of the organizations or projects linked to XYZ AIS.
To cover your bases, here are some of the details you should include in your conflict of interest policy: A statement about an individual's duty to disclose any conflicts of interest. The process for reviewing potential conflicts of interest. Details about disciplinary actions for violating the policy.
How To Write a Good (And Ethical) Conflict Of Interest Waiver Identify the conflict of interest. ... Describe the workaround. ... Describe the upside of the client(s) waiving the conflict of interest. ... Describe the downside to the client(s) waiving the conflict of interest. ... Get it in writing. ... Take it home!
Performing evaluative research for a company in which the investigator has a financial interest. Accepting a paid consultancy with a company having an interest in your research. Using students to perform services for a company in which you have a financial interest.