Thinking of Selling Your Business? Contemplate These Things First
Whether it’s time for retirement or just a new adventure, make sure to weigh your nest egg and potential net proceeds. Here’s how.
Security Sales & Integration’s “Legal Briefing” columnist Ken Kirschenbaum has been a recognized counsel to the alarm industry for 35 years and is principal of Kirschenbaum & Kirschenbaum, P.C. His team of attorneys, which includes daughter Jennifer, specialize in transactional, defense litigation, regulatory compliance and collection matters.
Whether it’s time for retirement or just a new adventure, make sure to weigh your nest egg and potential net proceeds. Here’s how.
Legal expert Ken Kirschenbaum shares a recent ADT lawsuit to shed light on the importance of proper employment agreements and arbitration clauses.
Legal expert Ken Kirschenbaum explains why you you need to be sure that you are responsibly performing your services.
Legal expert Ken Kirschenbaum explains why you should do yourself a favor and stay away from deploying surveillance signage.
Alarm companies can reduce liability and exposure by deferring alarm responsibility to the monitoring pros.
You may think a few accounts is OK, but do you really want to contract with hundreds or more of accounts in a state where you’re not licensed?
Most provisions in buy-sell agreements are negotiable. While some terms are more common than others that doesn’t mean they fit every deal.
Legal expert Ken Kirschenbaum dives into the many issues that may arise if you name a subscriber as an additional insured on your insurance policy.
A proper alarm contract has an automatic renewal clause. Subscribers who insist on deleting that provision don’t realize the consequences.
If you want to operate multiple entities then you have to be careful to maintain strict formality and separation of operations — or suffer the consequences.
A properly drafted alarm contract will insulate an alarm company from any liability, and on the off chance that liability is found, limit the extent of damages to a nominal sum.
You may assume that DIY security companies are more likely to face liability losses. Legal expert Ken Kirschenbaum explains why that’s not true.
Companies have been warned, repeatedly, not to perform any service without a proper contract. That is true for selling and installing thermal imaging equipment also, especially in nonmedical facilities.
The alarm industry may think it invented RMR and automatic renewal, but contract disputes are common. Indulge this story involving the linen industry.
You’re probably asking yourself many questions during the COVID-19 pandemic. Here’s why industry associations and your fellow security professionals are best-equipped to help.
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