Fill and Sign the Security Contract Form

Security and Burglar or Alarm Services Contract This Agreement is made this the _____day of _____________, 20___between ________________________ (hereafter referred to as A Contractor @ ), who operates a business at ________________________________________________ (street address, city, state) and ________________________ ( A Owner @ ) of ____________________________________ ________________________ (s treet address, city, state ) , for equipping the ________________________________________________ (Name and Location of Building) , hereinafter called “Building,” owned and operated by Owner with an approved security and alarm system and for maintaining said system. For the consideration specified below, the Contractor and Owner agree as follows: 1. Description of Work Contractor agrees to install and maintain, during the term of this agreement, in the Building of Owner located at ________________________________________________ (s treet address, city, state) , a central station burglar alarm and security alarm system, as specified in the schedule attached to this agreement, including transmission boxes and wire connections, necessary to transmit signals from the Building of the Owner to Contractor’s central station. 2. Maintenance of System Contractor will, subject to the terms and conditions of this agreement, until the termination of this agreement, maintain such burglar alarm and security alarm system in good working order. 3. Ownership of System The entire burglar alarm and security alarm system, including all devices, instruments, appliances, and all connections, wires, conduits, foils, screens, cabinets, springs, and other materials associated with such system, are and shall be and remain the personal property of Contractor. 4. Duty of Contractor on Receipt of Alarm On receipt of a burglar alarm signal from Owner ’s building, Contractor agrees to send to Owner ’s building its representative to act as agent of and in the interest of Owner . If provided with a key to the building by Owner for such purpose, the representative will enter the building and search it. Owner authorizes and directs Contractor to cause the arrest of any person or persons unauthorized to enter the building and to hold him, her, or them until released by Owner or an authorized known representative, and, in such cases, to indemnify Contractor against any and all liability, cost or expense in consequence of such arrest. 5. Notice to Police On receipt of a security alarm signal from Owner ’s building, Contractor agrees to transmit the alarm promptly to headquarters of the public police department. 6. Persons Authorized to Enter Buildings Owner agrees to furnish Contractor a list of the names and individual signatures of all persons who shall have the right to enter the Building of Owner between the regularly scheduled times for closing and opening such building and who may be called upon for a key to enter the building of the Owner during such periods. 7. Daily Report by Contractor Contractor agrees to furnish Owner daily a report in writing showing the times Owner’s building was irregularly opened the preceding day (between the regularly scheduled times for closing and opening the building) and, if requested by Owner, a weekly report in writing showing the time such building was regularly opened and closed each day. 8. Compensation Owner agrees to pay Contractor, its agents or assigns, the sum of $________________ upon the completion of the installation of the system covered by this agreement. Owner shall pay, in addition, the sum of $____________ per month payable on the first day of each month in advance, from the day such system is operative under this agreement until the termination of this agreement. 9. Termination of Agreement This agreement is terminable not less than _______days after written notice of desire to terminate is given by either party to the other at any time after the expiration of the ______ year. Any advance payments made for service to be supplied subsequent to the day of such termination shall be refunded to Owner. 10. Cancellation at Option of Contractor This agreement may be cancelled, without previous notice, at the option of Contractor in case Contractor’s central station, connecting wires, or equipment are destroyed by fire or other catastrophe or so substantially damaged that it is impracticable to continue service. 11. Cancellation at Option of Owner This agreement may be cancelled, without previous notice, at the option of Owner in case Owner’s said Building, located at (s treet address, city, state) is destroyed by fire or other catastrophe or is so substantially damaged that it is impracticable to continue use of such Building. 12. Maintenance of Signal System Contractor’s obligation under and pursuant to this agreement relates solely to the maintenance of the specified protective signaling system. Contractor is in no way obligated to maintain, service, replace, operate, or assure the operation of the property, system, or any device or devices of Owner or others to which contractor’s system is attached. 13. Duty on Removal of System Contractor is under no obligation to repair or redecorate any portion of Owner’s building upon removal of Contractor’s system from the building. 14. Contractor not an Insurer It is agreed by and between the parties that Contractor is not an insurer; that the payments specified in this agreement are based solely on the value of the installation of the system and service in the maintenance of the system described; that it is impracticable and extremely difficult to fix the actual damages, if any, that may proximately result from a failure on the part of Contractor to perform such service; and in case of failure to perform such service and a resulting loss to owner, Contractor’s liability under this agreement shall be limited to and fixed at the sum of $ ___________________as liquidated damages, and not as a penalty, and this liability shall be exclusive. 15. Governing Law It is agreed that this agreement shall be governed by, construed, and enforced in accordance with the laws of the State of __________________. 16. No Waiver The failure of either party to this agreement to insist upon the performance of any of the terms and conditions of this agreement, or the waiver of any breach of any of the terms and conditions of this agreement, shall not be construed as thereafter waiving any such terms and conditions, but these shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. 17. Entire Agreement This agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this agreement shall not be binding upon either party except to the extent incorporated in this agreement. 18. Modification of Agreement Any modification of this agreement or additional obligation assumed by either party in connection with this agreement shall be binding only if evidenced in writing signed by each party or an authorized representative of each party. 19. Assignment of Rights The rights of each party under this agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. 20. Arbitration Parties agree that any legal action relating to or arising out of this agreement shall be brought exclusively in binding arbitration in (city, state) and subject to the Rules of the American Arbitration Association. WITNESS our signatures as of the day and date first above stated. _________________________________ ___________________________ OWNER CONTRACTOR