Waiver Of Conflict Of Interest Template For Consultancy Services
Description
How to fill out Sample Attorney Conflict Of Interest Waiver Letter?
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FAQ
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!
In very limited circumstances, a conflict will be unwaivable, but most conflicts can be waived with the affected party's informed consent. Under the Rules, no conflict can be waived without the affected party's informed consent. In some instances, that informed consent must be confirmed in writing.
For example, it would be inappropriate for the financial consultant to have a financial interest (as a shareholder) or a position of authority or influence (as a director or officer, or having a family relationship) in the business of the applicant. The consultant should not be in direct competition with the producer.
[Client A] hereby provides informed consent to and waives any objection to the conflict of interest in [Law Firm's] concurrent representation of [Client A and Client B] as described in the aforesaid circumstances.
Conflict waivers serve as a memorialization or proof that a client has given informed consent for a lawyer to handle a legal matter despite a ?disqualifying conflict of interest.?