KEN KIRSCHENBAUM, ESQ ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE You can read all of our articles on our website. Having trouble getting our emails? Change your spam controls and white list ken@kirschenbaumesq.com ****************************** Right contract for fire alarm services / financial webinar today - see below September 17, 2020 *********************** Webinar today: How to Finance an Acquisition Register: https://attendee.gotowebinar.com/register/4228983813536754190 *********************** Right contract for fire alarm services *********************** Ken I see that you offer a fire alarm monitoring contract as one of your standard forms, but you recommend the Fire All in One instead of the Fire Alarm Monitoring contract. Why? Name withheld ********************** Response ********************** Clients looking for a monitoring only contract are usually shortsighted; they haven’t really thought about the bigger picture when considering their contract needs. Fire is a good example. Ask yourself if fire alarm monitoring is all that you do. If the answer is, yes, then the Fire Alarm Monitoring contract is the right contract. But, if you do something other than just monitoring, then you will need something more than the monitoring only contract; the right contract would be the Fire All in One. Most, if not all, alarm companies doing fire alarm monitoring do more than monitoring. And, let’s clear up what I mean by “doing fire alarm monitoring”. That means you contract to perform the monitoring and then subcontract the actually monitoring service to a professional Monitoring Center; you are not actually doing the monitoring, but you did contract for it and you are the one invoicing the subscriber. So what other fire alarm services are you likely doing? How about repair service? Inspections? Installation? All of these services are covered by the Fire All in One. Even if you don’t do some of the above services the Fire All in One should be used. If you don’t do installation for example, then those provisions in the contract dealing with installation simply won’t apply; no need to strike or delete them; same for other services; maybe you don’t do inspection or repairs; just leave those provisions in the contract and they won’t be applicable to your deal. A better idea is to ask why you aren’t doing all of the services in the Fire All in One. You should be unless there’s a very good reason you can’t contract for the service and then subcontract out whatever you need to, such as the monitoring. This same analysis applies for the Commercial All in One. All the services you should be performing and likely can perform are addressed. Striking or deleting provisions are not necessary; they just won’t apply to the deal. *********************** WEBINAR SCHEDULE AND REGISTRATION ********************* Webinar Series: Financing for the alarm industry When: September 17, 2020 12 PM ET half hour presentation and then Q&A Topic Details: How to Finance an Acquisition - A more specific drill-down on this method of growing by purchasing the accounts of another alarm company Presented by: Jim Wooster and Jim Wooster Jr. Alarm Financial Services, Inc 866-204-9350 ext 1200 www.alarmfunding.com Hosted by: Ken Kirschenbaum Who should attend: company owners and CFOs Register: https://attendee.gotowebinar.com/register/4228983813536754190 This webinar will be recorded and available at https://www.kirschenbaumesq.com/page/alarm-webinars ********************** Webinar Series: Financing for the alarm industry When: September 22, 2020 12 PM ET half hour presentation and then Q&A Topic Details: How to Finance Organic Growth - A more specific drill-down on the many ways loan financing can help an alarm dealer grown organically through covering creation costs, enabling leasing, expansion, etc. Presented by: Jim Wooster and Jim Wooster Jr. Alarm Financial Services, Inc 866-204-9350 ext 1200 www.alarmfunding.com Hosted by: Ken Kirschenbaum Who should attend: company owners and CFOs Register: https://attendee.gotowebinar.com/register/3255545487536556558 This webinar will be recorded and available at https://www.kirschenbaumesq.com/page/alarm-webinars ********************* To order up to dateStandard Form Alarm / Security / Fire and related Agreements, click here: www.alarmcontracts.com ************************* CONCIERGE LAWYER SERVICE PROGRAM FOR THE ALARM INDUSTRY You can check out the program and sign up here: https://www.kirschenbaumesq.com/page/concierge or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304. *********************** NOTICE: You can always read our Articles on our website at ww.kirschenbaumesq.com/page/alarm-articles *********************** THE ALARM EXCHANGE
This area is reserved for alarm classifieds, alarm company announcements, solicitations, offers, etc. There is no charge to post a listing here.Include your contact information, phone, email and web site. If you would like to submit a post, please send an email to ken@kirschenbaumesq.com. To create a reciprocal link to our website, click here. ************************************************ Getting on our Email List / Email Articles archived: Many of you are forwarding these emails to friends or asking that others be added to the list. Sign up for our daily newsletter here: Sign Up. You can read articles and order alarm contracts on our web site www.alarmcontracts.com ************************** 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 www.KirschenbaumEsq.com
