Self Interest Clause Samples
The Self Interest clause defines the obligation of parties to act in their own best interests, rather than prioritizing the interests of others involved in the agreement. In practice, this clause may clarify that each party is free to pursue opportunities, make decisions, or take actions that benefit themselves, even if those actions do not align with the interests of the other party. Its core function is to set clear expectations that no fiduciary or special duty is owed, thereby preventing misunderstandings or disputes about loyalty or obligations beyond the terms of the contract.
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Self Interest. A Member does not violate any duty or obligation to the Company merely as a result of engaging in conduct that furthers the interest of the Member. A Member may lend money or transact other business with the Company, and, in this case, the rights and obligations of the Member will be the same as those of a person who is not a Member, so long as the loan or other transaction has been approved or ratified by the Members. Unless otherwise provided by applicable law, a Member with a financial interest in the outcome of a particular action is nevertheless entitled to vote on such action.
Self Interest. A manager or member does not violate any duty or obligation to the company merely as a result of engaging in conduct that furthers the interest of the manager or member. Managers and members may lend money or transact other business with the company, and, in this case, the rights and obligations of a manager or member will be the same as those of a third party, so long as the loan or other transaction has been approved or ratified by the members if a manager is involved in the transaction or by the managers if a member is involved. Unless otherwise provided by applicable law, a manager or member with a financial interest in the outcome of a particular action is nevertheless entitled to vote thereon.
Self Interest. No person who is the Plan Administrator shall have any right to decide upon any matter relating solely to himself or to any of his rights or benefits under the Plan. Any such decision shall be made by another Plan Administrator or the Employer.
Self Interest. The Executive shall not have any right to vote or decide upon any matter related directly or indirectly to him or any right to claim any benefit under this Plan.
Self Interest. The employee is forbidden directly or indirectly to take part in contract work or deliveries for the employer, or to accept or claim direct or indirect gifts, rewards or commission.
Self Interest. Executive shall not vote or decide upon any matter related directly or indirectly to her or any right of her to claim any benefit under the Agreement.
Self Interest. A member does not violate any duty or obligation to the company merely as a result of engaging in conduct that furthers the interest of the member. A member may lend money or transact other business with the company, and, in Received by NSD/FARA Registration Unit 11/12/2019 11:37:20 AM Received by NSD/FARA Registration Unit 11/12/2019 11:37:20 AM this case, the rights and obligations of the member will be the same as those of a person who is not a member, so long as the loan or other transaction has been approved or ratified by all members. Unless otherwise provided by applicable law, a member with a financial interest in the outcome of a particular action is nevertheless entitled to vote on such action.
Self Interest. A Member does not violate any duty or obligation to the Company merely as a result of engaging in conduct that furthers the interest of the Member. A Member may lend money or transact other business with the Company, and, in this case, the rights and obligations of the Member shall be the same as those of a person who is not a Member, so long as the loan or other transaction has been approved or ratified by the Manager. Unless otherwise provided by applicable law, a Member with a financial interest in the outcome of a particular action is nevertheless entitled to vote on such action. Notwithstanding anything to the contrary herein, the Manager shall be entitled to act as the manager of a crowdfunding special purpose vehicle for the benefit of the Company, and the Manager does not violate any duty or obligation to the Company merely by so acting.
Self Interest. A Member does not violate any duty or obligation to the Company merely as a result of engaging in conduct that furthers the interest of the Member. A Member may lend money or transact other business with the Company, and, in this case, the rights and obligations of the Member will be the same as those of a person who is not a Member, so long as the loan or other transaction has been approved or ratified by the Managers, or has been approved or ratified by the Members if the loan or other transaction involves a Manager. Unless otherwise provided by applicable law, a Member with a financial interest in the outcome of a particular action is nevertheless entitled to vote on such action.