Minnesota Amendment No. 5 to the Managed Network Agreement between Sprint Communications Company, LP and Bridge Data Company, is a legal document that outlines important changes and additions to the existing agreement between the two parties. It is vital for understanding the specific terms and conditions under which this partnership operates. This amendment encompasses various aspects of the Managed Network Agreement, enhancing and modifying certain provisions to better suit the evolving needs of both Sprint Communications Company, LP and Bridge Data Company. It serves as a reflection of the ongoing business relationship between these two entities, ensuring transparency and efficiency in their operations. Key elements covered in Minnesota Amendment No. 5 may include: 1. Nomenclature and Definitions: This section clarifies key terms and definitions used throughout the agreement, ensuring a common understanding between the parties involved. This helps avoid any potential misunderstandings or conflicts. 2. Scope of Services: The amendment outlines the specific services to be provided by Bridge Data Company to Sprint Communications Company, LP. This covers the nature of the network management services, capabilities, and limitations, detailing the scope and responsibilities of each party. 3. Performance Metrics and Service Levels: This section establishes the performance metrics and service levels that Bridge Data Company must meet regarding network uptime, response times, and other relevant factors. It sets the minimum standards to which Bridge Data Company must adhere to ensure adequate network operations. 4. Payment Terms and Invoicing: The amendment may include changes to the payment terms, addressing invoicing frequency, methods, and any associated fees. This section ensures clarity and alignment regarding financial aspects of the agreement. 5. Liability and Indemnification: This clause outlines the liabilities and responsibilities of each party in the event of any network disruptions, breaches, or other incidents. It may specify the steps to be taken in case of any damage caused and the indemnification process to resolve such issues. 6. Term and Termination: The amendment defines the new term for the agreement, outlining any revised provisions regarding termination clauses, notice periods, and extensions. This helps both parties plan for the future and establishes the parameters for ending the agreement if necessary. Different types of Minnesota Amendment No. 5 to the Managed Network Agreement might exist if multiple amendments have been made over time. Each amendment will address specific modifications and updates to the original agreement, potentially covering different aspects and sections as needed. Overall, Minnesota Amendment No. 5 to the Managed Network Agreement ensures that the partnership between Sprint Communications Company, LP and Bridge Data Company operates smoothly, with clear expectations and responsibilities defined. It represents the evolution of their business relationship and helps them adapt to changing circumstances, making it a crucial document for both parties.
Minnesota Amendment No. 5 to Managed Network Agreement between Sprint Communications Company, LP and Bridge Data Company
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