No Goodwill Value Clause Samples
The "No Goodwill Value" clause establishes that no value is attributed to goodwill in the context of the agreement, typically during the sale or transfer of a business or its assets. In practice, this means that any purchase price or compensation excludes consideration for intangible factors such as brand reputation, customer loyalty, or business relationships. This clause serves to prevent disputes over the valuation of intangible assets and ensures that only tangible assets or specifically identified intangibles are included in the transaction, thereby providing clarity and reducing the risk of future disagreements.
No Goodwill Value. At no time during continuation of the Partnership shall any value ever be placed on the Partnership name, or the right to its use, or to the goodwill appertaining to the Partnership or its business, either as among the Partners or for the purpose of determining the value of any Interest, nor shall the legal representatives of any Partner have any right to claim any such value. In the event of a termination and dissolution of the Partnership as provided in this Agreement, neither the Partnership name, nor the right to its use, nor the same goodwill, if any, shall be considered as an asset of the Partnership, and no valuation shall be put thereon for the purpose of liquidation or distribution, or for any other purpose whatsoever.
No Goodwill Value. 55 XIV. BOOKS AND ACCOUNTS, REPORTS, TAX RETURNS, FISCAL YEAR AND BANKING ................................. 56
No Goodwill Value. At no time during continuation of the Company shall any value ever be placed on the Company name, or the right to its use, or to the goodwill appertaining to the Company or its business, either as among the Members or for the purpose of determining the value of any Interest, nor shall the legal representatives of any Member have any right to claim any such value. In the event of a termination and dissolution of the Company as provided in this Agreement, neither the Company name, nor the right to its use, nor the same goodwill, if any, shall be considered as an asset of the Company, and no valuation shall be put thereon for the purpose of liquidation or distribution, or for any other purpose whatsoever.
No Goodwill Value. At no time during continuation of the Partnership shall any value ever be placed on the ▇▇▇▇▇▇▇ Meadow Associates, Ltd., or the right to its use, or to the goodwill appertaining to the Partnership or its business, either as among the Partners or for the purpose of determining the value of any Interest, nor shall the legal representatives of any Partner have any right to claim any such
No Goodwill Value. Unless required by the Regulations for purposes of maintaining Capital Accounts, at no time during continuation of the Partnership shall any value ever be placed on the Partnership name, or the right to its use, or to the goodwill appertaining to the Partnership or its business, either as among the Partners or for the purpose of determining the value of any Interest, nor shall the legal representatives of any Partner have any right to claim any such value. Unless required by the Regulations for purposes of maintaining Capital Accounts, in the event of a termination and dissolution of the Partnership as provided in this Agreement, neither the Partnership name, nor the right to its use, nor the same goodwill, if any, shall be considered as an asset of the Partnership, and no valuation shall be put thereon for the purpose of liquidation or distribution, or for any other purpose whatsoever; nor shall any value ever be placed thereon as between the remaining or surviving Partners and the legal representatives of the estate of any deceased, insane, incompetent, dissolved, liquidated or Bankrupt Partners.