Business Organizations

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:

Stephanie Bagnall

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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