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TMI BlogGoodwillX X X X Extracts X X X X X X X X Extracts X X X X ..... a successor, so far as increased by the continuity of the undertaking being preserved in the shape of the right to use the old name and otherwise. It is something more than a mere chance of probability of old customers maintaining their connection, though this is a material part of the practical fruits. 'Goodwill' may be the whole advantage belonging to the firm, its reputation as also co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s buy his share but do not take any express assignment of the goodwill, they are not entitled to continue the use of his name as part of the firm name, and where a business is carried on under the name, solely or with any addition, of an outgoing partner who is still living and not bankrupt, a purchaser of the business including the goodwill is not entitled to use the name of the outgoing partner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , the goodwill should be included where, under the partnership articles, a general account and valuation is to be taken on the death of a partner, the value of the goodwill should not, in the absence of contrary agreement, be included in the firm's periodical balance sheets; and, therefore, where the value of the share of a decreased partner is, by agreement, governed by the balance sheet, his ..... X X X X Extracts X X X X X X X X Extracts X X X X
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