Common use of Goodwill and Intangible Assets Clause in Contracts

Goodwill and Intangible Assets. In determining the Fair Market Value of the assets of the Company, no allowance of any kind shall be made for goodwill or the name of the Company, the Company’s office records, files and statistical data or any intangible assets of the Company in the nature of or similar to goodwill. The Company’s name and the Company’s goodwill shall, as among the Members, be deemed to have no value, and no Member shall have any right or claim individually to the use thereof solely as a result of this Agreement.

Goodwill and Intangible Assets. In determining the Fair Market Value fair market value of the assets of the Company, no allowance of any kind shall be made for goodwill or the name of the Company, the Company’s office records, files and statistical data or any intangible assets of the Company in the nature of or similar to goodwill. The Company’s name and the Company’s goodwill shall, as among the Members, be deemed to have no valuevalue and shall belong to the Company, and no Member shall have any right or claim individually to the use thereof solely as a result of this Agreementthereof.