KEN KIRSCHENBAUM, ESQ
ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE
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are alarm contracts assignable
May 5, 2017
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Next Webinar: May 9, 2017.  
Title: All You Need to Know Before You Add DIY to Your Business
Presented by: Megan McDonald, VP of Marketing, Alarm Capital Alliance and MyAlarm Center
Register here:  https://attendee.gotowebinar.com/register/1457595459244475906
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are alarm contracts assignable
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Ken,
    Are your Old and new Contracts Transferable to a new Commercial Building owner?  If Yes where does it state it in the Contract?  If No how do we make it so in the Contract?  If we write a contract for monitoring and service with a building owner. The owner then sells the building to someone else is our monitoring and service contract transferrable?
Scott
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Response
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    If the alarm contract is silent on the issue of assignment, it's assignable.  That means assignable by both you and the subscriber.  But the Standard Form Alarm Agreements [both old and updated] do address assignment.  The agreements provide that the subscriber is not permitted to assign the contract; the alarm company can assign the contract, and is relieved of responsibility upon the assignment, going forward.
    If your subscriber wants to assign the contract to a new occupant it's probably a good opportunity to require the new occupant to sign a new contract.  You can also update the system at that time.  If you want to permit an assignment make sure you get an Assumption Agreement from the new subscriber.  Incidently, unless the assignment you consent to relieves the original subscriber from further liability then that subscriber remains liable.  Typically the Assumption Agreement allows the out-going assignor to be released from the agreement once assumed by the new subscriber, the assignee.
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WEBINARS:  Sign up for any or all of the webinars that interest you.
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FREE Webinar Series "All You Need To Know About" alarm industry issues. 
Register for one or all.  Each presentation scheduled for half hour to hour.  Not recorded.
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Title: All You Need to Know Before You Add DIY to Your Business
When: May 9, 2017 12 noon EST
What will be covered: This session will cover the basics of the DIY model, the critical factors of succeeding with a DIY business, the DIY customer and how the market has shifted over the last few years.
Who should attend: Alarm company owners, managers and those interested in DIY business model
Presented by: Megan McDonald, VP of Marketing, Alarm Capital Alliance and MyAlarm Center. 866-484-4800 x 8470   megan.macdonald@myalarmcenter.com 
Register here:  https://attendee.gotowebinar.com/register/1457595459244475906
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Title: All You Need to know about getting NICET certified
When: May 23,  2017 noon EST
Where: Your computer for power point, live video and call in on computer or phone
What will be covered:  Why you should get NICET certified and how to do it
Who should attend: Alarm company owners with technical skills, technicians
Presented by:  Bryan McLane, National Training Center, 4148 Mantle Ave., N Las Vegas, NV 89084. Direct phone 828-649-1337  Bryan@NationalTrainingCenter.net
Register here: https://attendee.gotowebinar.com/register/1545079201485816579
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THE ALARM EXCHANGE

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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301
ken@kirschenbaumesq.com
516 747 6700
www.KirschenbaumEsq.com
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