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Business and Commercial Law § 4-75-101. Covenant not to compete agreements. (2) The covenant not to compete agreement is limited with respect to time and scope in a manner that is not greater than necessary to defend the protectable business interest of the employer.
This could occur, for example, if an attorney is representing both parties in a divorce case. Another scenario: A party seeks representation from an attorney to sue a neighbor in a civil claims case. If the attorney also represents the neighbor's business, there would be a potential conflict of interest.
(A) A cooperative purchasing agreement is limited to commodities and services for which the public procurement unit may realize savings or material economic value, or both.
However, a buyer can only back out of the purchase contract before the official closing date. In a real estate purchase transaction, the buyer prepares an offer, signs it, and delivers it to the seller. The buyer also states the date that the offer will expire. This is known as the expiration date.
Conflicts of Interest Employees must not use their position or knowledge gained from their position for private or personal advantage.
Rule 1.8 - Conflict of Interest: Current Clients: Specific Rule (a) A lawyer shall not enter into a business transaction with a client or knowingly acquire an ownership, possessory, security or other pecuniary interest adverse to a client unless: (1) the transaction and terms on which the lawyer acquires the interest ...
A concurrent conflict of interest exists if: (1) the representation of one client will be directly adverse to another client; or (2) there is a significant risk that the representation of one or more clients will be materially limited by the lawyer's responsibilities to another client, a former client or a third person ...
California. "No public official at any level of state or local government shall make, participate in making or in any way attempt to use his official position to influence a governmental decision in which he knows or has reason to know he has a financial interest." Cal. Gov't Code § 87100.