There are several new changes to the standard alarm contracts
[www.alarmcontracts.com] that warrant your attention and your contracts
should be upgraded at this time. The changes are as follows:
1. The exculpatory clause is modified to specify strict product liability.
2. The limitation of liability clause is modified to specify strict
product liability.
3. The increase in monthly charge is changed to reflect a right to
increase up to 9% per year, rather than an unspecified amount for increase
and then giving subscriber right to cancel rather than pay.
4. Security interest clause modified to grant security interest in only
equipment installed, not all subscriber property.
The above changes will be in all contracts ordered at this time.
The following clause dealing with renewal is optional and must be
requested; otherwise the presently worded clause provides for an additional
term renewal that would require a prior notice. If you don't want to give
notice of renewal, and if the notice is required by your state, you might
want to use this alternate clause:
" TERM OF AGREEMENT: RENEWALS: The term of this agreement shall be
for a period of ten years. Thereafter this agreement shall renew itself
month to month under the same terms and conditions, unless either party gives
written notice to the other by certified mail, return receipt requested, of
their intention not to renew the contract at least 30 days prior to the
expiration of any renewal term," [this is from the standard leasing
contract].
Pricing for updates:
If you purchased a contract on or after January 1, 2002, NO CHARGE for
updates, provided you contact us and request updates no later than May 30,
2002.
Updates are $100 if you purchased on or after January 1, 2001, and request
upgrade by May 30, 2002.
If your contract was purchased prior to January 1, 2001, or you request
updates after May 30, 2002, the updates are $200.
Contract orders should be placed on line. If you want the alternative clause
for renewal email me after you have placed your on line contract order.
Thanks, and as usual, your satisfaction is guaranteed.