A situation in which a person has competing personal and professional interests. For example, a corporate executive who is part owner of a company that does business with the firm at which the executive is employed.
A situation in which someone who has to make a decision in an official capacity stands to profit personally from the decision. For example, a judge who rules on a case involving a corporation in which he or she owns stock has a conflict of interest.
The real or apparent conflict
between one’s personal interest in a matter and one’s duty to another or to the
public in general regarding the same matter.
The real, apparent, or potential conflict between the
duty owed to one in a matter and the duty owed to another regarding the same
matter, especially if the person who owes the duty is a lawyer (such as one who
represents two defendants in the same case).