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List Three Recommended Ways to Screen for Conflict of Interest

question 86

Essay

List three recommended ways to screen for conflict of interest when personnel are hired from an opposing firm.


Definitions:

Remedies

Legal measures or actions available to a party to enforce a right or redress a harm.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly intended to deceive the other party, leading to a contract or agreement being voidable.

Innocent Misrepresentation

A false statement made honestly and without the intent to deceive, which may lead to the voiding of a contract if relied upon by the other party.

Rescission

The cancellation of a contract, returning all involved parties to their state before the contract was made.

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