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 ****************************** more on the hold back / Concierge Program for alarm clients August 29, 2025 ************************ more on the hold back from article on July 12, 2025 / Concierge Program ************************ Ken Having been in business since 1959 our largest lost accounts are people who sell their house. 95% of the time within a month or 2 a new person moves in and takes over the service. In the scope of hold backs how is that handled? It seems the buyer would immediately turn it in as a credit towards holdbacks but the seller would be taken advantage of in this situation. Thanks for all you do for our business. We are a grateful Concierge member. Sign me as Wondering in South Carolina ******************** Response ******************** The holdback, serving as collateral for the attrition guarantee can be handled in many ways; it's a matter of negotiation between the parties and you are very correct, there is a lot of room for one party to take advantage of the other if the terms of the guarantee are not properly drafted. The attorney not only needs to be knowledgeable in this area of law, but also fair minded and not "crafty". K&K regularly handles buy-sell transactions for the alarm industry and, to put it modestly and mildly, we know what we are doing. We are also fair; we have to be because we represent the alarm industry and our reputation is important to us. The Concierge Program is wildly successful, not just for K&K but for our clients, especially the clients who take advantage of the program benefits. Thank you for being a Concierge Client. ***************** STANDARD FORM AGREEMENTS: 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. *********************** WEBINARS: https://www.kirschenbaumesq.com/page/alarm-webinars *********************** ALARM ARTICLES: You can always read our Articles on our website at www.kirschenbaumesq.com/page/alarm-articles updated daily ******************** Wondering how much your alarm company is worth? Click here: https://www.kirschenbaumesq.com/page/what-is-my-alarm-company-worth *********************** THE ALARM EXCHANGE - the alarm industries leading classified and business exchange - updated daily ************************* PODCASTS: https://podcasts.apple.com/us/podcast/ken-kirschenbaum-presents/id1794851477 ************************* Getting on our email list / 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. ************************** 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
