Hi,

I need some help understanding the following phrase taken from a construction contract:
"...the subcontractor: (i) agrees that the Price shall be a non-recourse obligation;..."

Thanks for your help

Cesar
here it goes:

"Receipt of these funds (funds from the Owner) by Contractor shall be an absolute contidion precedent to Subcotnrator's rigth to receive payment. In the event of any conflict between the Contract Documents and this provision, this provision shall govern. With regard to the foregoing, Subcontractor (i) agrees that the pice shall be a non-recourse obligations; and (ii) waives Subcontractor's right to assert any claim, demand, right, or cause of action against Contractor for any portion of the Price (unles and to the extent that Contractor actually receives funds from the Owner attributable to the Work...."

Thanks, I will appreciate any help.

You may want to post more of the contract so someone can see the context it is in.

It seems to mean that the subcontractor can't get paid until the contractor gets paid by the client.