Legal Question in Business Law in India
what is the mean for "if the partnership be disolved the goodwill of the firm always belong to the first party"
Asked on 9/26/09, 2:23 am
2 Answers from Attorneys
Seshadri Srinivasan
www.lawconcern.com
It means the goodwill can be sold and price can be enjoyed only by first party.
S.Seshadri
Chennai Office Phones: 98403 20808/ 28515229
emails: [email protected]
Answered on 9/26/09, 5:04 am
Goodwill is an asset like if u want to open any coca cola or thumsup factory then u have to pay them money to get the franchise and pay the goodwill fee.
Regards
Answered on 9/26/09, 2:41 pm
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