How would you rate your ability to operate a security company in a complex environment? The fact is that business-operating complexity may be one reason the security industry is contracting.

A suit was recently filed in the United States District Court for the Eastern District of Texas accusing a number of alarm companies of infringing on a patent described as “303 patent.”

Whether you plan to sell your company now or in the future, knowing the proper steps to take before and during the sale will help you to maximize your profits.

There was great case out of the state of New York in which the plaintiff alarm company contracted with the defendant to inspect and maintain the defendant’s fire alarm system for an initial period of five years. Approximately six months into the contract, the defendant terminated the contract. The plaintiff alarm company commenced an action alleging that the defendant, by its premature termination, breached the contract. The alarm company pursued damages under the contract’s liquidated damage clause.

 A case against an alarm company in Connecticut dealt with the allegation of fraud. The issue of fraud can be closely analogous to that of gross negligence so the case is relevant for discussion. 

An alarm company entered into an agreement to install a security system at a store and also agreed to provide a “central station signal receiving and notification service.”

In a recent case before the U.S. District Court of Appeals, contracts once again took center stage, this time focusing on whether or not contracts can impose a social duty.