Conflict of interests in law:

When it comes to the legal world, because of the loyalty owed to the client by the law firm or the attorney it prohibits from representing some other party that In the legal that may harm the interest of the existing client. This is why there is never same representation of both parties by a single firm when it comes to divorce cases or child custody issues.

Conflict of interest in Corporate Law:

In an organizational conflict of interest might exist in similar ways as described in the text above. It most often arises in cases when a private company deals with a government company. A good example would be selling the government a product and having a government official as a board member that can have a say in the government buying that particular product or service.

Steps to be taken to Minimize Conflict of Corporate Law:

The organization can develop systems that ensure that conflict of interest doesn't arise. This will ensure that the organization is legally protected when it comes to conflict of Corporate Law. A separate team of legal minds could be hired for this specific purpose which will ensure that conflict of corporate interest doesn't arise.