The Dangers of Removing an Alarm Contract’s Automatic Renewal Clause
A proper alarm contract has an automatic renewal clause. Subscribers who insist on deleting that provision don’t realize the consequences.
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.
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.
OSHA has released COVID-19 recommendations to protect employees in the workplace, but employers should be considering their legal exposure with an attorney.
Buying or selling accounts? RMR is defined in different ways, and you need a very careful understanding of how it is going to be calculated for your deal.
A properly drafted alarm contract makes crystal clear what an alarm company is willing to do, what its limitations are and what risks it’s not willing to take.
You and your kid(s) can make a great living in the “alarm business,” even if you don’t recognize your company five years from now.