An advance conflict waiver is an agreement, given by your client, to a potential future representation by your law firm that would otherwise be precluded because of a conflict of interest. Law firms increasingly include such waivers in their standard form engagement letters. Here's what you need to know.
Richard M. ZielinskiLet me try to explain the rules governing Advance Conflict Waivers by asking, and then answering, five questions:
What Is an Advance Conflict Waiver?
Here's a working definition: An advance conflict waiver is an agreement, given by your client, to a potential future representation by your law firm that would otherwise be precluded because of a conflict of interest.
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