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 ****************************** Comments on quick check list when selling or buying alarm accounts October 5, 2022 *************************** Comments on quick check list when selling or buying alarm accounts from article on September 24, 2022 *************************** Ken Just a thought . Why not ask for a copy of their customer contract? Thanks again for your great efforts here . Jim Sr james t wooster alarmfunding.com **************************** Response **************************** Contract review is certainly one of the most important considerations in the alarm transaction. In fact the questions that are generally asked within seconds of starting the transaction conversation is: * what’s the RMR and the mix of accounts * what contract forms are used and has seller complied with contract execution requirements Another question has been asked with regularity, “how many techs does seller have and will they stay and work for the buyer?” The form agreement needs to be reviewed by a lawyer, preferably me. ************************** Another comment ************************** Ken You forgot a few items. 16. Breakdown of Commercial & Residental 17. Equipment type Make 18. Services performed by the seller. 19. Geographic areas of accounts. 20. Central Station being used 21. Private line at Central? 22. Numbers of Radios and Remote services. 23. Numbers of Employees and do they have restrictive covenant/employment agreements? Sincerely, Wayne M. Wahrsager *********************** Response ********************** These too are essential questions and this information will definitely need to be considered, probably even before the comprehensive due diligence process starts. ********************** Buying or Selling? Be properly represented as both “broker” and attorney. K&K is actively involved on both sides of the transactions. You can quickly find out that the best is likely less expensive and less hassle. To get started give me a call: Ken Kirschenbaum,Esq at 516 747 6700 x 301 or Ken@Kirschenbaumesq.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
