Preamble Affiliate Sample Clauses

The Preamble Affiliate clause defines which entities are considered affiliates of the parties involved in the agreement. Typically, this clause clarifies that references to a party include its subsidiaries, parent companies, or other entities under common control, ensuring that the rights and obligations in the contract extend to these related entities. By establishing the scope of affiliated parties, the clause helps prevent ambiguity about who is covered by the agreement, thereby reducing the risk of disputes over contractual responsibilities or benefits.