Customer Goodwill Sample Clauses
The Customer Goodwill clause defines how the value associated with a business’s reputation, customer relationships, and brand loyalty is treated within a contract. Typically, this clause clarifies whether goodwill is included in the assets being transferred or protected, and may outline restrictions on actions that could harm or diminish this goodwill, such as prohibiting disparagement or solicitation of customers. Its core function is to safeguard the intangible value that a business has built with its customers, ensuring that this value is preserved and not undermined during or after the contractual relationship.
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Customer Goodwill. All of the goodwill relating to customer relationships to the extent resulting from the conduct of the Business by any Asset Seller;
Customer Goodwill. The Owner-Operator acknowledges that the Company's good relations with its customers are essential to the Company's continued operations and as such the Owner-Operator undertakes and agrees to perform the services required by him under this Agreement and at all times to conduct all dealings and relations with the Company's customers in a courteous and businesslike manner. In the event that this Agreement is terminated, the Owner-Operator shall immediately deliver up possession of any freight, load or property whatsoever, in his possession, belonging to or en route to the Company's customer all liability incurred by the Company due to the Owner-Operator's failure to comply with this provision.
Customer Goodwill. Seller will not for the longer of a period of two (2) years from and after the Closing Date or the continuation in effect of the R & D Consulting Agreement: (i) make any disparaging statements concerning Buyer, its products, personnel or the Products or the Business; (ii) recommend a competitor of the Business or products competitive with the Products to a customer or potential customer of the Business; or (iii) take any other action which would reasonably be detrimental in any material respect to the goodwill of the Business. Seller shall, for such period, refer all inquiries of actual or potential customers of the Products to the Buyer in a courteous and professional manner.
Customer Goodwill. The term "Customer Goodwill" means the goodwill of the customers of the Business developed and established over the years that Publix has operated the Business.