Common use of Builder Clause in Contracts

Builder. For the purposes herein, the term “Builder” shall include the builder named herein, plus any other builder which may share any common ownership with Builder and any employee, owner, director or officer of Builder. So, for example, if Builder constructs a home for Prospect through an affiliated and commonly owned company, Builder shall still be obligated to pay Broker the compensation referred above.

Appears in 3 contracts

Sources: Referral Agreement, Referral Agreement, Referral Agreement