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 whitelist ken@kirschenbaumesq.com ****************************** 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 ********************** Response ********************** 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: alarmcontracts.com *********************** To order up to date Standard Form Alarm / Security / Fire and related Agreements click here: www.alarmcontracts.com *************************** To order up to date Standard 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. *********************** ALARM ARTICLES: You can always read our Articles on our website at ww.kirschenbaumesq.com/page/alarm-articles updated daily ******************** THE ALARM EXCHANGE - the alarm industries leading classified and business exchange - updated daily ************************* Wondering how much your alarm company is worth? Click here: https://www.kirschenbaumesq.com/page/what-is-my-alarm-company-worth ****************************** 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
