https://www.taxtmi.com/acts?id=7470 Goodwill of a dissolved partnership is an asset for settlement and may be sold; after such sale the buyer acquires the firm's goodwill while former partners may compete and advertise but, subject to agreement, may not use the firm name, represent themselves as the firm, or solicit former customers. Agreements by a selling partner to refrain from similar business for specified time or locality are enforceable if the restrictions are reasonable. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7470 Goodwill of a dissolved partnership is an asset for settlement and may be sold; after such sale the buyer acquires the firm's goodwill while former partners may compete and advertise but, subject to agreement, may not use the firm name, represent themselves as the firm, or solicit former customers. Agreements by a selling partner to refrain from similar business for specified time or locality are enforceable if the restrictions are reasonable. Act-Rules Partnership Firms Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7470