Personal Goodwill definition

Personal Goodwill means the close personal and ongoing business relationships, trade secrets and knowledge in connection with the Business owned by each of the Individual Sellers that each such Individual Seller has independently developed, owned and continue to own through his personal ability, personality, reputation, skill and integrity, and other information relating thereto.

Personal Goodwill means the goodwill associated with the personal and business relationships developed by each of the Selling Members as a result of the skill, ability, integrity, reputation and personal characteristics of each of the Selling Members.

Personal Goodwill means the business created or developed by the Owners, or by or through their personal reputation, contacts or relationships, or otherwise possessed by the Owners in connection with the management and operation of the Business, including the Owners’ personal business relationships with referral sources, customers, suppliers and any others having business relationships with Seller.

Examples of Personal Goodwill in a sentence

• All of the Personal Goodwill is owned, and immediately prior to the Closing will be owned, by the Seller, free and clear of all liens, encumbrances, claims, options, security interests, calls and commitments of any kind.

• The Seller has full legal right, power and authority to enter into this Agreement and to sell, assign and transfer the Personal Goodwill to the Buyer and, on the Closing Date, the sale and assignment of the Personal Goodwill to the Buyer hereunder will transfer to the Buyer valid title thereto, free and clear of all liens, encumbrances, claims, options, security interests and commitments of any kind.

• The Seller shall sell, assign, transfer, convey and deliver to the Buyer at the Closing the Personal Goodwill including, but not limited to, all of the Seller's respective rights and benefits related to the Personal Goodwill.

• Ibrahim, The Unique Benefits of Treating Personal Goodwill as Property in Corporate Acquisitions, 30 DEL.

• Seller is not currently a party to any contract, employment agreement, noncompetition agreement or any other contract or agreement, or subject to any restriction or condition contained in any permit, license, judgment, order, writ, injunction, decree or award which, singly or in the aggregate, materially and adversely affects or restricts, or is likely to materially and adversely affect or restrict the Personal Goodwill or the Buyer's acquisition, use or enjoyment thereof.

More Definitions of Personal Goodwill

Personal Goodwill shall have the meaning set forth in the recitals to this Agreement.

Personal Goodwill means all customer lists and information, customer contacts and relationships, supplier lists, contacts and relationships, rights and power to cause the continuation

Personal Goodwill means any and all of Member’s personal goodwill and intangible assets related to his personal involvement in the heavy duty truck, bus and agricultural equipment sales, service, parts, finance and leasing business over the roughly twenty (20) years (or more) prior to the Closing Date, including personal goodwill associated with personal and professional relationships with significant customers, original equipment manufacturers, vendors, employees and other constituents in such business.

Personal Goodwill has the meaning set forth in Section 2.3A below and on Schedule 2.3A(a) hereto.

Personal Goodwill means with respect to an individual constituting the Shareholder, such individual’s personal ability, experience, personality, reputation, skill, contacts, integrity and accumulated information relating thereto in the Seller’s service area in the Business.

Personal Goodwill means the goodwill to be purchased by Buyer from James Gresham pursuant to the Personal Goodwill Agreement. “Personal Goodwill Agreement” has the meaning set forth in Section 7.12.

Personal Goodwill has the meaning set forth in the recitals.