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 writing off hold back / don’t miss holiday sale on select contracts – only 3 more days
December 6, 2022
************************
Comment on writing off hold back from article on November 24, 2022
**********************
Ken
As always for your forum. Lots of buying and selling for Jim Jr and me over the many years. On a sale of accounts I always tried to have an agreement that the buyer had to notify us within 10 days of an account canceling. This allowed us the opportunity of trying to save it. If they did not notify us within the 10 days the canceled account did not go against our holdback .
Good for both parties as we were able to save accounts. And performing accounts is what the buyer wants.
Jim Wooster, Sr
****************************
Response
****************************
That notify provision is important, but not all buyers will agree to it. While it’s not usually a deal breaker for the seller I really think it should be. You would think that the buyer has a shared interest with the seller to retain as many accounts as possible, but that’s not always the case. Some buyers use the hold back period as a time to weed out undesirable accounts, and an account that falls behind or for one reason or another wants to cancel, perhaps isn’t worth betting on, even if the seller could convince the subscriber to stick it out until the hold back is paid.
The best advice is that sellers [and buyers] need competent attorneys on the transaction. I don’t care how many companies you sold or bought in your career, it’s not as many as me and some of the other attorneys in the alarm industry. While we, attorneys in the alarm industry, have seen most everything, that doesn’t mean we use our knowledge the same or consistently. And of course there’s always the client, some of whom are outright unreasonable or [to be kind] inexperienced in typical alarm deals.
There are a number of issues that should be negotiated regarding the attrition guarantee, and that’s only one issue in the transaction; there are many issues that arise. Professionals servicing the alarm industry are available to assist; don’t DIY the deal.
******************************
Special Holiday Contract Sale on select contracts / 50% OFF / see details and save thousands
*********************
The following Standard Form Agreements are on holiday sale through December 9, 2022. Order any of these contract forms and we will discount the price by 50% off the published price*. Concierge Clients will get an additional 10% off the discounted price.
* The full list price will appear when you order but we will discount before processing the order; no need to call us
These contracts are not discounted in the Annual Sale and have never been discounted before. Total savings up to $3,822.50. [another $382.50 for Concierge Clients]
All of these Standard Form Agreements are up to date, will be customized with company name, address, phone and license, and delivered by end of this year by email. All contract forms are found on K&K’s contract order page at www.alarmcontracts.com
SAVE ON THESE CONTRACTS TODAY THROUGH DEC 9
DIGITAL SIGN AND DISPLAY SALES, HOSTING AND SERVICE list price $875 Your saving $437.50
Includes installing of digital box and media player, hosting and administrative services and repair service. Design creation also included. This is for commercial customers. This is for digital signs and displays
HOME WATCH SERVICE list price $995 Your saving $497.50
Provide home watch service for vacant home; itemized list of inspection and service areas. This is for residential consumers; customized state by state. Come with Rider for special instructions and additional services
VIRTUAL DOORMAN list price $1,250 Your saving $625
VIRTUAL DOORMAN STANDARD SUPERVISORY VIDEO, AUDIO, AND ACCESS CONTROL, SALES, MONITORING & SERVICE AGREEMENT. Cameras with two-way audio for access control and "escort" service throughout a building or property under surveillance
CONFIDENTIALITY AGREEMENT FOR ESTIMATES AND SPECIFICATIONS list price $675 Your saving $337.50
Tired of your customer using your estimate and information to put out a bid or negotiate with a competitor. use this confidentiality agreement to protect your estimate and specifications
ANSWER SERVICE with questionnaire list price $500 Your saving $250
Standard Answering Service agreement with client questionnaire
COMPUTER CONSULTING list price $725 Your saving $362.50
Consulting only; no repair service
COMPUTER CONSULTING, SALE, SERVICE, HOSTING list price $875 Your saving $437.50
Computer consulting sale, service, per call or service plan, website hosting
PBX SYSTEM AND HOSTED COMMERCIAL SERVICE list price $875 Your saving $437.50
Select sale or lease format. Select residential or commercial. Voip telephone system equipment sale and installation. Over-ride on VoIP hosted service and RMR for extended warranty and repair service. Generic form. Call K&K Contract Administrator Eileen Wagda for selection of form: 516 747 6700 x 312
GPS MONITORING list price $875 Your saving $437.50
[single state only] vehicle or personal
************************
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
|
