Vendor agr presented after alarm co contract signed / ISC meeting schedule / Meetings filling up – still time to register April 2, 2024
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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 ****************************** Vendor agr presented after alarm co contract signed/ ISC meeting schedule / Meetings filling up – still time to register April 2, 2024 ***************************** Vendor agreement presented after alarm co contract signed ***************************** Ken, We have a property management company that signed our K&K agreement on behalf of the condo association we are monitoring. Today we took over the account and the account is live and I receive a vendor packet with new terms and insurance requirements. Will the value of our contract be reduced if we sign a vendor agreement? What should we do? RR ********************************* Response ********************************* You have 3 choices * comply * ignore or let them know you already have a contract and it doesn't include any of those terms * negotiate the insurance requirements and the additional insured - limited that to your acts under the contract only As you recognize the K&K Standard Form Agreement creates the most equity you can expect for a contract; the highest multiple if you sell the contract. Changing the standard form terms or signing another agreement that affects that standard form will of course reduce the K&K contract’s value. Makes sense; the subscriber isn’t going to insist on terms that make your contract terms more favorable to you. You can hold the subscriber to your contract because its already signed. In your case you have already performed by installing the system and activating the service. Of course the contract will end at some point and the subscriber may then look elsewhere for service, so maintaining good relations is important; probably not as important as retaining the integrity of your contract terms. The vendor agreements are not deal breakers by any means and this customer could have asked for its vendor agreement terms before signing your contract. Many of those terms are acceptable. In particular the terms are acceptable then it comes to installation; you on customer property doing the installation or when doing a repair. I don’t have a problem with you being responsible for damage you cause in same way as any other contractor. But the nature of your security business exposes you beyond what other contractors need to be concerned about. You need special contractual protection and the K&K Standard Form Agreements provides that protection. Avoid watering down the effectiveness of the contracts. The Concierge Program will save you customer relations, protect the contract integrity and save you money in the long run; join today. ************************* Private and Group meeting schedule now available ********************************* Group Meetings: See schedule below. Reserve your spot by calling Stacy Spector at 516 987 8428. Private Meetings: Schedule a Private Meeting with Ken Kirschenbaum by calling Stacy Spector at 516 987 8428. Register for a Group Meeting by calling Stacy Spector at 516 987 8428 Schedule Private meeting with broker Rory Russell by calling Stacy Spector at 516 987 8428.
Group Meetings: Topics and Schedule Tuesday April 9. Group Meeting: 3:00 pm to 4:00 pm – Monetize on your monitoring accounts; new incentive program; learn how to get unheard of incentives from your central station or move to another one. Group meeting conducted by Ken Kirschenbaum.
Wednesday April 10. Group Meeting: 11:00 am to 12:00 pm - Selling and buying alarm accounts; Things to know. Group Meeting conducted by Ken Kirschenbaum.
Wednesday April 10. Group Meeting: 2:00 pm to 3:00 pm – State sales tax and complex company valuation. Group meeting conducted by Mitch Reitman of Reitman Consulting Group.
Wednesday April 10. Group Meeting: 3:00 pm to 4:00 pm – Central station – dealer relationship; contract issues; understanding the dealer agreement terms and why you need the K&K Rider. Group meeting conducted by Ken Kirschenbaum.
Thursday April 11. Group Meeting: 10:00 am to 11:00 am - Insurance for your alarm business – best options; availability, pricing and claims. Group meeting conducted by Shawn Iverson of The Insurance Center.
Thursday April 11. Group Meeting: 11:00 am to 12:00 pm – Contracts – which ones you need and why you need them. Group meeting conducted by Ken Kirschenbaum.
Thursday April 11. Group Meeting: from 3:00 pm to 4:00 pm - The Corporate Transparency Act. Group meeting conducted by Mitch Reitman of Reitman Consulting Group.
Private Meetings with Rory Russell of AFS: Schedule a private meeting with Rory Russell of Acquisition and Funding Services (AFS) to discuss buying or selling security, fire and integration business. Available times to meet with Rory Russell are as follows: Wednesday April 10 and Thursday April 11 between 7:30 am and 11:00 am and 12:30 pm and 4:00 pm. Contact Stacy Spector to schedule a private meeting with Rory. Call 516 987 8428 ALL TIMES ARE PACIFIC STANDARD TIME. Contact Stacy Spector, Esq. for all scheduling at Sspector@kirschenbaumesq.com or 516-987-8428. ****************************** STANDARD FORMS 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
