The Menominee people, in authorizing the establishment by charter of the College of the Menominee Nation, do not waive or authorize the College Board of Directors to waive or limit the right of the Menominee Indian Tribe of Wisconsin to sovereign immunity from suit, nor do they waive or limit, or authorize the College Board of Directors to waive or limit, any exceptions and immunities from taxation to which the Nation is or may in the future be entitled and to which the Menominee Indian Tribe of Wisconsin, its members, and its businesses are entitled by law.
A. 
For the purpose of enabling the College to enter into business agreements, either to secure debts or to provide services or products, the College Board of Directors shall be authorized to agree by specific written agreements with any party to sue and be sued in the Menominee Tribal Courts in its capacity as a tribal college upon any contract, claim, or obligation arising out of its authorized activities. For the same purpose, the College Board of Directors shall be authorized to agree by specific written agreement with any party to waive any immunity from suit on breach of contract claim that it might otherwise have.
B. 
In seeking redress of grievances against the College, persons subject to tribal jurisdiction shall exhaust all remedies available to them under Menominee law before seeking redress of grievance against the College in the Menominee Courts.