Should i sell security systems

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January 30, Strategy 1: Mitigating Risks. He was also recently selected as one of the top 10 most influential people in the physical security market of North America by the SecurityHive. The seller, having made the decision to sell and having found a suitable buyer, must then turn to questions of valuing the company and structuring the sale. The actual purchase and sale transaction is generally consummated by either a sale of shares of stock of a corporation, or a sale of assets of an individual, partnership or corporation.

In either event, the transaction may result in a risk to the seller after the close if the entire purchase price is not paid in full at the close. If the seller accepts a payout, they must rely on the buyer to pay off all of their obligations over a period of time, as well as to discharge obligations on which the seller may have continuing liability. A: A: This is both a business and a legal decision. From a legal standpoint, I would advise you to definitely not sign the agreement.

I assume your contract with your subscriber specifically sets out your duties, your responsibilities and most important the fact that you are not an insurer and that if there is a loss you are protected by your limitation of liability liquidated damage clause and third party indemnification provision.

These provisions in your contract with your subscriber protect you and your company. The agreement you have set out totally contradicts and supersedes this protection your contract provides you and exposes you to significant liability. This is a situation which has nothing to do with the operation of the alarm system, but where the damage or loss may occur as a result of the negligence of your agent while on the premises, in which case your subscriber has a right to this protection.

Contact the National Association of State Contractors Licensing Agencies for the right agency to contact in your state. Get written estimates. Find out about:.

Read the contract. Your contract package should include:. Contact your police and fire departments. Salespeople might knock on doors in your neighborhood, pitching home security systems. Many companies use this sales method to drum up business. Unfortunately, so do scammers and dishonest businesses. Other states require salespeople to show you their "pocket card" license and a photo ID.

Take a few minutes to look over their documentation. Pushy door-to-door sales agents use a variety of approaches and pitches to get you to buy home security systems and services that might not be right for you — or that might be scams.

They may tell the homeowner that they have a limited time offer or some other special deal that will not be available at a later date.

They may tell the homeowner that they are leaving the state the next morning and need to close the sale today. Or they may scare the homeowner about a supposed rash of burglaries in the neighborhood. Reputable security companies will allow consumers to compare bids and receive comprehensive reviews of their security needs before making a decision. When a company promises something for free, there are usually strings attached. Some security alarm sales agents target homeowners who have signs on their properties for security systems with other companies.

Once inside the home, however, the salesperson then may install a new security system and have the consumer sign paperwork which includes a costly contract for alarm monitoring service. Legitimate alarm companies do not generally stop by their customers' homes without appointments.

Never sign anything unless you have read it, and never give out your banking information to strangers. If you need more time, ask them to leave the contract behind, and consider reviewing it with a trusted family member, friend, or neighbor.