answersLogoWhite

0


Best Answer

No. It's up to both partners to reach an agreement, but there is no legal or ethical requirement to pay for goodwill.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is a partner who buys off another partner required to to pay goodwill?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is tax deductible if buy goods from Goodwill shop?

A private person who buys an article from Goodwill is not eligible for a tax deduction. However, if a private person makes an acceptable donation to Goodwill, she is eligible for a tax deduction.


What is a good that one country buys from another?

Oil


If a common law partner buys out the other then sells who is responsible for the real estate fees on selling?

The current owner of the property.


What is good that one country buys from another country?

Oil


What if your ex says he cares but hes single you are not and he buys you stuff on vacation what to do?

Be loyal to your present partner or be honest to him. Giving sex for stuff is prostitution.


What does freehold going concern mean?

It generally refers to the sale of a business and freehold property. For example a going concern generally means the goodwill of an operating business and the freehold refers to the tenure of the property. so in this case it means for example £500,000 for the freehold of the property and inclusive of the value of the goodwill, therefore £500k buys you the business and the property.


Is an American wife entitled to property her husband buys in another country with another woman?

search it online


How are credit accounts affected when another company buys them out?

When often another company buys a credit card company, they have purchased your account. Most often, it is business as usual, and payments are directed to the new owner of the account.


What is the definition of a good one country buys from another?

its called importing so, "Import"


When a company buys another company what is the stock worth?

The stock value will then be the combined value.


What occurs when one company buys the property and obligations of another company?

When one company buys the property and obligations of another company, the buying company assumes full ownership of the other company. In essence the sold company ceases to exist.


Goods and services that a country buys from other countries are called?

exports, because when a country buys it from another they inport it or if it was the other way around we would export the goods to their dock