Common use of Builder Clause in Contracts

Builder. Builder" shall mean and refer to any person or entity that acquires a Unit for the purpose of engaging in and does engage in the business of constructing residential buildings for the purpose of resale and not for his own use.

Builder. “Builder" shall mean ” means, refers to and refer includes any licensed residential builder which acquires legal or equitable title to any person or entity that acquires a Unit for the purpose of engaging in and does engage in the business of constructing residential buildings a dwelling thereon for the purpose of resale resale, and not for his his/her/its own use.