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Comment on Lawsuit against ADT and what happens when you can't find contract
August 18, 2022
Comment on Lawsuit against ADT and what happens when you can't find contract from article on March 28, 2022
Ken :
           I read with interest your article on the ADT lawsuit and the absence of a contract with their subscriber [March 28, 2022] .
          At the time when my operating company had about 5,000 customers I decided to check each account folder to be sure there was a contract copy . Our MO at the time was to have a copy in the office with an additional copy at my home .I was certain we had contracts with each subscriber.   We did not ; And I mean no contract with several subscribers. We immediately began to obtain contracts.
          When I sold the business an additional benefit was having contracts with all subscribers . This positively affected the selling price .
          Jim Jr's  Alarm Financial Services is in the loan business where contracts are essential .  Contracts to make loans for business needs and for loans to finance acquisitions . Almost always we find accounts with no contracts.  We have an excellent method of obtaining contracts for these accounts, allowing us to provide funds.
          My recommended solution :  Review your accounts to be sure each has a contract . When you can’t find a contract get a Kirschenbaum contract signed and do it NOW .
Jim Wooster Sr,
Alarm Financial Services  
          Good advice.  Today is a good time to begin a thorough review of your customer files to make sure you have a written and signed contract.  You don’t want to first start looking for a contract when [in order of severity of headache]:
  1.  you want to sue the non-paying customer
  2.  you need to defend yourself against a claim made by the customer
  3.  you are selling your accounts and need to produce a signed contract for each account
          By the time you find out you need a contract it will be too late for numbers 1 and 2 above.  If you’re at number 3 you will either not be able to sell the account, you’ll have to take a significant reduction in price or you’ll be hassled trying to get a new contract signed.  Save the aggravation and check now. And if you do need to get contracts they should be the most updated forms; get them here:

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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