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The phrase "goodwill and trademark" is used when transferring a trademark to another company or individual, meaning the receiving company is expected to maintain the quality of the product using the mark. The intent is to maintain the reputation the mark has built over time.

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14y ago

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Why can't goodwill be sold like patents and copyrights?

Goodwill is an ineffable idea protected by trademark, and trademarks can be transferred.


What is amortization of goodwill?

Amortization is the process of writing off intangible assets such as goodwill,patents, trademarks, license etc. The portion of goodwill(or any other intangible asset) to be amortized in a particular accounting year is treated as revenue expense and is charged to the Profit and Loss Account of that year.


What is Adjusted Tangible Net worth?

totalasset less intangible assets and total outside liabilities ; also called net tangible assets. Intangible assets include nonmaterial benefits such as goodwill, patents, copyrights, and trademarks. total asset less intangible assets and total outside liabilities ; also called net tangible assets. Intangible assets include nonmaterial benefits such as goodwill, patents, copyrights, and trademarks.


What is Net tangible assets how it is calculated?

Net tangible assets are calculated as the total assets of a company minus any intangible assets. Intangible assets are goodwill, patents and trademarks.


Is a copyright an Intangible asset?

An intangible assset is an asset that is not physical in nature such as patents, trademarks, copyrights, business methodologies, goodwill and brand recognition.Intangible assets are those assets which do not have physical substance and nobody can see it physically. Examples: 1 - goodwill 2 - patent 3 - copyrights etc


What items on a company's balance sheet have no physical substance?

Intangible assets are items such as Copyrights, patents, goodwill, trademarks, etc. These would be classified as Intangible Assets on a company's balance sheet.


Patents trademarks and goodwill are are exaples of assets?

Yes. These are known as intangible assets and they are assets. An asset is anything that does or will provide a financial benefit. Goodwill is an asset because, if you have a great reputation, people are going to be more likely to buy your products. Trademarks are an asset because using trademarks is what allows a company to distinguish its products from other companies' products in such a way that people will buy your products instead of the other guys'. Patents are an asset because they allow you the exclusive right to produce a good in a way that is better (hopefully) than the way everybody else produces that good. They all do or will provide financial benefits.


What has the author Edward Sidney Rogers written?

Edward Sidney Rogers has written: 'Good will, trade-marks and unfair trading' -- subject(s): Goodwill (Commerce), Unfair Competition, Trademarks, Law and legislation


What do the Hindu flags in the front yard mean?

Peace, Faith and Goodwill


Can you sell clothes at Goodwill?

Do you mean to sell them to Goodwill? No, they want the clothing to be donated so they make the money for their programs. Take your clothes to a consignment store for selling them.


What are the prairie dog trademarks?

Trademarks are not assigned to prairie dogs.


What are some intangible assets?

A patent or trademark. Drilling or Mining Rights. Goodwill (paid when a company is purchased).