He has loyalties to both the company and his wife, so he can`t function in this role without conflict. A financial conflict of interest is also common. If Annalise is a board member of a private high school – but she also owns a company that prints high school textbooks – she has a conflict of interest because she would see financial gain if she influenced the school to buy its textbooks. You can create a conflict of interest clause yourself that you can use in an employment or freelance contract. You can also work with a lawyer or get help from an online service provider. A conflict of interest clause can protect your business and help those who work for you have the best interests of your business in mind. 1.1 Services.