Document background
The Conflict of Interest Waiver is a critical document used in Indian business and professional contexts when parties need to formally acknowledge and proceed with a transaction or relationship despite the presence of a conflict of interest. This document becomes necessary when business imperatives require collaboration between parties who have potentially competing interests, but where the conflict can be appropriately managed through disclosure and formal waiver. Under Indian law, particularly the Companies Act 2013 and various regulatory frameworks, certain conflicts of interest must be formally disclosed and waived to ensure legal compliance and protect stakeholder interests. The document typically includes comprehensive disclosure of the conflict, specific details of what is being waived, acknowledgment of understanding by all parties, and necessary corporate authorizations.
