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PUTTING YOUR LICENSE TO WORK FOR YOU AND YOUR RISKS
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Ken
    After 42 years working in the security industry I am considering retiring this year.   I am the security license holder for the company in several states.  What is my exposure to liability if I continue to allow the company to use my license after I retire?
anon 
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RESPONSE
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    Holding the license or qualifying the company under licensing laws does come with some risk.  Unless you are the owner of the company you should not permit the use of your license without a properly drafted Qualifier Agreement.  You get that from our Licensing Department.  Contact me or Nicoletta Lakatos,Esq, at NLakatos@KirschenbaumEsq.com or 516 747 6700 x 311.  Your exposure depends on the licensing laws, which are all different.  The Qualifier Agreement serves to identify your responsibilities, the company's responsibilities and protect both you and the company.  
    You also need to be careful that you are not "lending" or "availing" your license.  As license holder you are expected to have some role and responsibility for the alarm operations of the company.  At the very least your license is at risk if the company persistently fails to comply with licensing requirements.  At worst you may be named in investigations and lawsuits, and you may be held responsible.  
    Having said that, you can put your license to work after you've retired.  You will need to know your responsibilities, and they are often quite limited.  Don't even think about this relationship however unless you engage our firm to provide a Qualifier Agreement which will be drafted for your particular and specific deal with the company.  You should expect the company to pay our fee for the agreement.