Common use of FINANCIAL CONFLICTS OF INTEREST Clause in Contracts

FINANCIAL CONFLICTS OF INTEREST. University certifies that it maintains an appropriate written, enforced policy on conflict of interest pursuant to 42 C.F.R. §50.604(a). Further, University shall report to the Partnership any identified and active financial conflicts of interest (“FCOI”) and shall provide assurance that University has managed, reduced, or eliminated said FCOI. If an FCOI arises during the course of the Project, University shall manage, reduce, or eliminate it and report to the Partnership within sixty (60) days subsequent to the disclosure. University shall make no obligations against the funds to be awarded under this Agreement until any FCOI is managed, reduced, or eliminated in accordance with this paragraph.

Appears in 7 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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