good will

good will
The expectation of continued public patronage. Stott v Johnston, 36 Cal 2d 864, 229 P2d 348, 28 ALR2d 580. The probability that old customers will resort to the old place. Every positive advantage acquired, arising out of the business of the old firm, whether connected with the premises where it was carried on, with the name of the old firm, or with any other matter carrying with it the benefit of the business of the old firm. The advantage or benefit which is acquired by an establishment beyond the mere value of the capital stock, funds, or property employed therein, in consequence of the general public patronage and encouragement which it receives from constant or habitual customers on account of its local position, or common celebrity, or reputation for skill, or affluence, or punctuality, or from other accidental circumstances or necessities, or even from ancient partialities or prejudices. 24 Am Jlst Good W § 2. A species of property of an intangible nature so connected with a going concern or business as to be disposable only in connection with a disposition of such concern or business. 24 Am J1st Good W § 4.

Ballentine's law dictionary. . 1998.

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  • Good will — Good Good, a. [Compar. {Better}; superl. {Best}. These words, though used as the comparative and superlative of good, are from a different root.] [AS. G[=o]d, akin to D. goed, OS. g[=o]d, OHG. guot, G. gut, Icel. g[=o][eth]r, Sw. & Dan. god, Goth …   The Collaborative International Dictionary of English

  • good-will — good will, 1. kindly or friendly feeling; kindness; friendliness: »Our cast of principal characters is composed almost…entirely of men of good will (Forum). SYNONYM(S): See syn. under favor. (Cf. ↑favor) …   Useful english dictionary

  • Good will — Will Will, n. [OE. wille, AS. willa; akin to OFries. willa, OS. willeo, willio, D. wil, G. wille, Icel. vili, Dan. villie, Sw. vilja, Goth wilja. See {Will}, v.] [1913 Webster] 1. The power of choosing; the faculty or endowment of the soul by… …   The Collaborative International Dictionary of English

  • good will — good will, goodwill Good will means ‘the intention and hope that good will result’ (and is hyphened in attributive position, i.e. before a noun as in a good will gesture); goodwill is ‘the established reputation of a business etc. as enhancing… …   Modern English usage

  • good will — index affinity (regard), benevolence (disposition to do good), charity, clemency, comity, humanity (humaneness) …   Law dictionary

  • good will — / goodwill [n] kindliness altruism, amity, benevolence, brownie points*, charity, comity, cordiality, favor, friendliness, friendship, generosity, good deed, good side of*, helpfulness, rapport, right side of*, sympathy, tolerance; concepts… …   New thesaurus

  • good will — O.E. godes willan “virtuous, pious, upright,” also “state of wishing well to another.” One word form goodwill (18c.) is used especially in commercial senses …   Etymology dictionary

  • good|will|y — «GUD WIHL ee», adjective. Scottish. 1. liberal (of). 2. cordial …   Useful english dictionary

  • good will — noun 1. a disposition to kindness and compassion (Freq. 5) the victor s grace in treating the vanquished • Syn: ↑grace, ↑goodwill • Derivationally related forms: ↑gracious (for: ↑ …   Useful english dictionary

  • good will — In the usage of Kant, a good will is the unconditional, intrinsic good, independently of what it ‘effects or accomplishes’ in the world (Groundwork of the Metaphysic of Morals ). It is the determination to act in accordance with the law of… …   Philosophy dictionary

  • good·will — /ˌgʊdˈwıl/ noun [noncount] 1 or good will : a kind, helpful, or friendly feeling or attitude She has/feels goodwill toward all her coworkers. They allowed him to keep the extra money as a gesture of goodwill. trying to promote …   Useful english dictionary

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