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Simple English definitions for legal terms

goodwill

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A quick definition of goodwill:

Goodwill is when people think highly of a company or brand. It's like having a good reputation. When someone buys a company, they might pay more than what the company is worth because of its goodwill. Goodwill is an intangible asset, which means it's not something you can touch or see like a building or a car.

A more thorough explanation:

Definition: Goodwill refers to the positive reputation or recognition that a business has earned over time. It is an intangible asset that is difficult to quantify, but it can be a valuable part of a company's overall worth. Goodwill is often calculated as the difference between the purchase price of a company and the sum of its fair market value.

Example: A popular restaurant chain has built up a loyal customer base over the years. People know that they can expect high-quality food and excellent service when they visit one of the chain's locations. This positive reputation is an example of goodwill.

Explanation: The restaurant chain's goodwill is based on the positive experiences that customers have had in the past. This reputation can be a valuable asset for the company, as it can attract new customers and help to retain existing ones. When the company is sold, the value of its goodwill may be included in the purchase price.

goods and chattels | Gordon v. Virtumundo, 575 F.3d 1040 (9th Cir. 2009)

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

jackfrost11770

10:46

my brother is a combat medic too

BulbasaurNoLikeCardio

10:46

@m10: was a great career, the main job is being a cultural expert building rapport and relationships with foreign nationals, militaries and even people hostile to make the area safer and at times bring in the ODAs or three letter guys to train, arm and fund them to aid in their(our) cause. OCONUS is great but not necessary, I only did two real deployments but a lot of missions to places. That is all 110% BS. I have a TS-SCI, worked with federal agencies they do nothing crazy like that.

shaquilleoatmeal

10:47

Damn - 3rd invite missed smh no love for me from hls

m10

10:49

@jackfrost11770: That's like a huge pitfall. People say it's easy to get into like med school or law school through West Point and it is not at all. Yeah, Russian would make you very valuable to them. You will see West Point people in law school but that's very few compared to how many went through the prelaw program there. Best just to enlist and become a combat medic. I've seen like 4 of em here anyway so you didn't really miss anything by going straight to law school.

BulbasaurNoLikeCardio

10:49

I "speak" Dutch but never used it after training back in 2012. Russian is great if you can get into INTEL but outside of that they would just assign you a lot of NATO roles if you go EUCOM. If you go Jag it may score you a nice job in Europe but at this point with the lack of benefits the military would give you just go state department as an attorney and you will travel the world.

m10

10:50

@BulbasaurNoLikeCardio: Oh yeah, I get that. My buddy just got back from Jordan and he gained like 25 lbs there just being a fat ass doordashing for 50 cents a delivery.

glovediedthisishismom

10:50

https://youtu.be/BM-Yf-DXhMM?si=dtiskk_90ckDOjwo

jackfrost11770

10:50

yeah haha i mean i was like 15 so i didn't know anything, and yeah that makes complete sense. my main thing was that i knew i didn't want to go to medical school and i didn't want to straight out enlist so that kinda closed the door on that

glovediedthisishismom

10:50

please listen

m10

10:51

@BulbasaurNoLikeCardio: indeed, it could but I could also just like visit on my own time. Though I have met like 10 or so JAG officers that got an Italian or French or Spanish wife while over in Europe so that is cool.

jackfrost11770

10:52

but i'd love to talk to you about that sometime if that's alright because i've been seriously considering INTEL and other similar roles but i know quite literally nothing about it and don't know where to start researching

m10

10:52

@glovediedthisishismom: oh my god that guy is a psychopath. Tjhat guy scares me.

m10

10:52

@jackfrost11770: Best bet if going law route is Law School to JAG to either Mead or Gordon imo then.

m10

10:53

NSA shit to start. If you can go straight into a GS job then you should go for it.

m10

10:54

https://www.usajobs.gov/Search?k=attorney

BulbasaurNoLikeCardio

10:54

@jackfrost11770: I have my undergrad in Intelligence and Terrorism and worked a good bit in the IC so I can answer some broad questions but not many direct because the nature of the field. If you want to go to law school and get your JD it really depends what intel work you would want to do and where you want to live.

jackfrost11770

10:56

thank you!! yeah i also know they always need STEM grads ofc, so i know i have that going for me as well

m10

10:58

Fuck now that Gary Gensler is resigning, this is like a dream job for me. Would love to do securities: https://www.usajobs.gov/job/819640900

m10

10:58

Best job on the wbesite rn.

BulbasaurNoLikeCardio

11:00

If you do it from the attorney side you will be skirting the left and right limits of laws like the NDAA to conduct domestic espionage or how to kidnap or spy on people in foreign countries without committing war/international crimes. JAG would be very very general and location based. At one unit you can be the personal attorney to a commander not even having your own office or desk, next one you can be leading the prosecution of terrorist and rapist and the next one be the legal OK for drone striking people. It is a very varied job you have little control over.

Dkk

11:01

Lmfao, so true.

BulbasaurNoLikeCardio

11:02

The last jag I worked with had a folding picnic table as his desk and had to bring his office chair home every night because people would steal it and he hated using a bucket as a seat. All he did was keep commanders from being fired cause they kept doing illegal shit. It is a varied journey.

Dkk

11:04

This is so true. I still have my folding table. I put alcohol on it now and it is my home bar.

EvolBunny

11:04

How do you recommend grooming a child so they become a sf operator?

EvolBunny

11:05

Asking for my future child who will get boot camp from birth

Dkk

11:05

Make em read books and hope they go that route.

LSDFan

11:05

give them a TBI as soon as possible

Dkk

11:06

LMFAO

EvolBunny

11:06

@Dkk: "im the man of the house now i am buying a gun:

babycat

11:06

For one I would try not asking questions that start with “How do you recommend grooming a child?”

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