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Conflict Of Interest Waiver

Conflict Of Interest Waiver Template for Netherlands

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Key Requirements PROMPT example:

Conflict Of Interest Waiver

"I need a Conflict of Interest Waiver under Dutch law for a board member who wants to participate in decision-making regarding a contract with a company where they serve as an advisor, with the waiver to be effective from March 1, 2025."

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Document background
The Conflict of Interest Waiver is a crucial document used in Dutch business and professional contexts when a party needs to formally disclose and obtain consent regarding a conflict of interest situation. It is particularly relevant in corporate governance, professional services, and financial sectors where conflicts frequently arise due to complex business relationships and multiple stakeholder interests. The document must comply with Dutch law, specifically the Dutch Civil Code (Burgerlijk Wetboek) and corporate governance requirements, while also considering any applicable EU regulations. This waiver typically includes detailed conflict disclosure, acknowledgment of understanding, specific waiver terms, and ongoing obligations. It's essential for maintaining transparency, protecting all parties' interests, and ensuring proper documentation of the conflict management process in accordance with Dutch legal standards.
Suggested Sections

1. Parties: Identification of all parties involved in the waiver, including the disclosing party and the party/parties granting the waiver

2. Background: Context of the relationship between the parties and the circumstances leading to the need for a conflict waiver

3. Definitions: Key terms used throughout the document, including specific definition of what constitutes a conflict of interest in this context

4. Disclosure of Conflict: Detailed description of the actual or potential conflict of interest being disclosed

5. Nature of Waiver: Specific details of what is being waived and the scope of the waiver

6. Acknowledgments: Statements confirming that all parties understand the conflict and its implications

7. Duration: Period for which the waiver is valid and any conditions affecting its duration

8. Governing Law: Confirmation that Dutch law governs the waiver and its interpretation

Optional Sections

1. Future Conflicts: Procedures for handling similar conflicts that may arise in the future - include when there's an ongoing relationship between parties

2. Confidentiality: Provisions regarding the confidential treatment of information - include when sensitive business information is involved

3. Revocation Rights: Terms under which the waiver can be revoked - include when dealing with long-term or complex relationships

4. Related Party Transactions: Details of any business transactions related to the conflict - include when the conflict involves business dealings

5. Regulatory Compliance: Specific regulatory requirements and compliance measures - include when parties operate in regulated industries

6. Third Party Rights: Impact on and rights of any affected third parties - include when the conflict affects other stakeholders

Suggested Schedules

1. Schedule 1 - Detailed Conflict Description: Comprehensive description of the conflict situation, including any relevant background information and specific instances

2. Schedule 2 - Affected Matters: List of specific matters, transactions, or decisions affected by the conflict

3. Schedule 3 - Related Party Information: Details of any related parties or entities involved in or affected by the conflict

4. Appendix A - Supporting Documentation: Copies of relevant documents evidencing the conflict or its context

5. Appendix B - Corporate Approvals: Copies of any required corporate or board approvals for the waiver

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























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Relevant Industries

Financial Services

Professional Services

Legal Services

Banking

Insurance

Investment Management

Corporate Services

Real Estate

Technology

Healthcare

Energy

Manufacturing

Consulting

Education

Public Sector

Non-Profit Organizations

Relevant Teams

Legal

Compliance

Corporate Governance

Risk Management

Human Resources

Board Secretariat

Internal Audit

Finance

Operations

Investment

Project Management

Business Development

Executive Management

Advisory

Relevant Roles

Board Director

Chief Executive Officer

Chief Financial Officer

Corporate Secretary

Compliance Officer

Legal Counsel

Managing Director

Partner

Senior Manager

Investment Manager

Project Manager

Human Resources Director

Risk Manager

Independent Director

External Advisor

Department Head

Operations Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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