goodwill

What is goodwill?

goodwill is one of legal terms that means Usually defined as the excess price asked for or obtained for the sale of a business over and above the value of its physical assets. Goodwill is an intangible asset, the price of which is intended to represent a payment for the future value or opportunity to be obtained from the existing client base and other assets.

 

source: australiandesignunit.com

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