Definition.com
A Conflict of interest is a set of circumstances that creates a substantial risk that professional judgment or actions regarding a primary interest will be unduly influenced by a secondary interest.
A Conflict of interest is a set of circumstances that creates a substantial risk that professional judgment or actions regarding a primary interest will be unduly influenced by a secondary interest.
A Conflict of interest is not mere bias. It is a situation in which a person is in a relationship with another requiring the exercise of judgement in the other's behalf and that person has a (special) interest tending to interfere with the proper exercise of such judgement.