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LSDefine

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)

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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