Good Will of Business

Learn about the definition for this legal term.

What is Good Will of Business?

An intangible business asset based on such things as good business reputation, production or sale of known products, and standing of the business in the community.

Further Reading

For more detailed information, see our related Business Organizations terms:

Pass the Bar, Guaranteed

BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).
Bar Exam starts in:
Days
Hrs
Mins
Secs
Study better now