The Minnesota Subscriber Unit License Agreement is a legal agreement between QUALCOMM, Inc. and Repoint, Inc., specifically tailored for obtaining a license to manufacture and sell Subscriber Units within the state of Minnesota. This agreement outlines the terms, conditions, and obligations that both parties must adhere to in order to conduct business in compliance with the local laws and regulations. The agreement covers various aspects related to the manufacturing and sale of Subscriber Units, which are communication devices used by individuals to access wireless networks. It lays out the rights and responsibilities of both parties involved, ensuring a transparent and mutually beneficial business relationship. Some of the key provisions that may be included in this agreement are as follows: 1. Grant of License: This section defines the scope of the license granted by QUALCOMM, Inc. to Repoint, Inc. It outlines the specific rights Repoint will have to manufacture and sell Subscriber Units within Minnesota. 2. Intellectual Property Rights: This clause addresses the protection of intellectual property associated with Subscriber Units. It clarifies that Repoint will respect and not infringe upon any patents, trademarks, or copyrights owned by QUALCOMM, Inc. 3. Quality Control: This section requires Repoint to meet specific quality standards in the manufacturing and sale of Subscriber Units. It may include provisions for regular inspections, testing, and certification processes to ensure compliance and maintain the reputation of both parties. 4. Royalties and Payment Terms: This clause outlines the financial obligations of Repoint to QUALCOMM. It may specify the payment of royalties based on the number of units manufactured or sold, along with the frequency and method of payment. 5. Termination: This section describes the circumstances under which either party can terminate the agreement. It may include provisions for breach of contract, non-performance, or other situations deemed detrimental to the business relationship. Different types of Minnesota Subscriber Unit License Agreements may exist based on specific product lines, market segments, or technological advancements. These variations could involve license agreements for 5G Subscriber Units, IoT (Internet of Things) Subscriber Units, or specialized licensing for enterprise-grade Subscriber Units, among others. It is important to note that the actual terms and conditions of the Minnesota Subscriber Unit License Agreement between QUALCOMM, Inc. and Repoint, Inc. may vary depending on the negotiations and requirements of the parties involved. Therefore, it is essential for both companies to carefully review and tailor the agreement to best suit their business objectives and legal obligations.