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Conflict of Interest:
A potential conflict of interest occurs when there is a divergence between private interests and professional
obligations to the University such that an independent observer might reasonably question whether the professional
actions or decisions are determined by personal financial gain.
Conflict of Time Commitment:
A potential conflict of time commitment exists when professional
activities external to the University exceed reasonable time limits or whenever primary professional
responsibility is not to the University.
Covered Individuals:
Kansas State University policy covers all full-time unclassified faculty and staff
and all others who have potential or possible conflicts of interest or time commitments.
Family:
Family includes spouse, dependent children, and members of personal household.
Significant Financial Interest:
Anything if monetary value including, but not limited to, salary or other
payments for services (e.g., consulting fees or honoraria), equity interests (e.g., stocks, stock options, or
other ownership interests), and intellectual property rights (e.g., patents, copyrights, royalties from such rights).