What term describes a personal stake in a contract that must be disclosed?

The term that accurately describes a personal stake in a contract that must be disclosed is "Contractual Interest." In the context of contracts, a contractual interest refers specifically to the benefits or considerations that a party can receive from the agreement. It encompasses the necessity for individuals involved in the contract to disclose any personal gains or financial stakes they hold, which could influence their actions or decisions related to the contract. This is essential in maintaining transparency and integrity, ensuring that all parties are aware of any potential conflicts of interest that may affect the contract's execution.

This concept is particularly critical in the context of condominium management, where managers and board members must uphold ethical standards by disclosing any interests they may have in contracts related to the condominium to prevent any undue influence or favoritism.