Outside Business Interest
/ˈaʊtsaɪd ˈbɪznəs ˈɪntrɪst/
Definitions
- (n.) A financial or non-financial interest held by an individual in a business entity outside their primary employment or fiduciary role, potentially creating a conflict of interest.
The lawyer disclosed her outside business interest in a real estate development firm to comply with ethical rules.
Forms
- outside business interest
- outside business interests
Related terms
See also
Commentary
Use in compliance and ethics policies to require disclosures and prevent conflicts of interest.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.