NBU Agreement Clause Samples
The NBU Agreement clause establishes the terms under which parties agree not to disclose, use, or benefit from certain confidential information or business opportunities. Typically, this clause applies to sensitive data, trade secrets, or proprietary knowledge shared during negotiations or collaboration, and may restrict parties from engaging in similar business activities or sharing information with competitors. Its core practical function is to protect the disclosing party’s interests by preventing misuse or unauthorized dissemination of valuable information, thereby reducing the risk of unfair competition or loss of business advantage.
NBU Agreement. The Utility Agreement shall govern the provision of water and wastewater services to the Property, and the City hereby agrees to the terms of the Utility Agreement and acknowledges that all requirements of § 9308.004(a)(2) of the Creation Statute requiring an Agreement with the retail public utility owned by the municipality have been met. The Utility Agreement may be amended from time to time, and the City hereby consents to such amendments and agrees no additional notice or agreement by the City is required to amend the Utility Agreement so long as the amendment does not create a conflict with this Agreement. Amendments to the Utility Agreement shall not be considered to alter, modify or expand the Project or alter the vested rights established by this Agreement.