Common use of No Goodwill Value Clause in Contracts

No Goodwill Value. At no time during continuation of the Company shall any value ever be placed on the Company name, or the right to its use, or to the goodwill appertaining to the Company or its business, either as among the Members or for the purpose of determining the value of any Interest, nor shall the legal representatives of any Member have any right to claim any such value. In the event of a termination and dissolution of the Company as provided in this Agreement, neither the Company name, nor the right to its use, nor the same goodwill, if any, shall be considered as an asset of the Company, and no valuation shall be put thereon for the purpose of liquidation or distribution, or for any other purpose whatsoever.