Virginia Amendment No. 2 to Managed Network Agreement is a legal document that outlines the modifications made to the original agreement between Sprint Communications Company, LP (hereinafter referred to as "Sprint") and Bridge Data Company (hereinafter referred to as "Bridge Data"). This amendment specifically refers to the business relationship and terms of managing the network services provided by Bridge Data to Sprint, within the state of Virginia. The amendment aims to address and rectify certain aspects of the original agreement that require modification to better align with the evolving needs and requirements of both parties involved. It is crucial for both Sprint and Bridge Data to abide by the terms specified within this amendment, as it serves as a legally binding agreement between the two entities. The Virginia Amendment No. 2 to Managed Network Agreement encompasses various key aspects that include: 1. Scope of Services: This section elaborates on the nature of the network services to be provided by Bridge Data to Sprint, specifying the scope, limitations, and any additional services agreed upon by both parties. 2. Service Level Agreement (SLA): The SLA section defines the performance expectations, service uptime, response times, and other relevant metrics that need to be adhered to by Bridge Data for the provision of network services. It outlines the responsibilities of both parties to ensure efficient service delivery and addresses any penalties or remedies in case of non-compliance. 3. Pricing and Payment Terms: This segment outlines the financial aspects of the agreement, including pricing models, invoicing procedures, payment terms, and any additional costs or fees that may be applicable. It ensures transparency in financial transactions between Sprint and Bridge Data. 4. Term and Termination: This section specifies the duration of the agreement, any renewal terms, and the conditions under which either party may terminate the agreement. It may include provisions related to early termination fees or obligations upon termination. 5. Confidentiality and Data Security: This clause ensures the protection of confidential information exchanged between the two parties during the course of their business relationship. It mandates the implementation of adequate security measures to safeguard sensitive data from potential breaches or unauthorized access. It's worth noting that "Virginia Amendment No. 2 to Managed Network Agreement" refers specifically to the Second Amendment made to the original agreement between Sprint and Bridge Data within the state of Virginia. Furthermore, it distinguishes this amendment from any other potential amendments or versions of the agreement made in different states or regions. In conclusion, the Virginia Amendment No. 2 to Managed Network Agreement between Sprint Communications Company, LP and Bridge Data Company is a comprehensive legal document that regulates the provision of network services by Bridge Data to Sprint in Virginia. The amendment covers various aspects, ensuring clarity, compliance, and mutual understanding between the parties involved.
Virginia Amendment No. 2 to Managed Network Agreement between Sprint Communications Company, LP and Bridge Data Company
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