Jurisdiction(s):
United Kingdom

Key definition

Goodwill definition

What does Goodwill mean? Goodwill describes the commercial advantage of a business’s reputation, customer relationships, brand and other intangibles that attract custom and future profits. In legal practice (M&A, insolvency, IP and disputes), it denotes this economic value, separate from identifiable assets such as contracts or registered IP. Courts in the UK and Ireland recognise goodwill—often described as the “attractive force that brings in custom”—and protect it in passing off and related trade mark claims. As a property right, goodwill usually passes with a business sold as a going concern and cannot be assigned on its own. For accounting and deal purposes, “accounting goodwill” arises...

Precedent trade mark licence quality control and brand use clause, with optional designs, sampling and approvals, marketing plan, recall and audit provisions

Published by a LexisNexis IP expert

Precedents

1 Definitions

1.1 In this clause:

Brand • denotes the Trade Marks, [ Designs, ] goodwill and any other intellectual property rights connected with the luxury brand [ insert name of brand ];
Brand Guidelines • refers to the directions issued by the Licensor describing how the Trade Marks [ and Designs ] are to be used, [ the latest version of which is attached at [ insert schedule ] to this Licence OR is accessible at [ insert link ] ] [ and which the Licensor may update from time to time by written notice to the Licensee ] ;
[ Designs • signifies the registered design rights, or applications for registered designs, listed or identified at [ insert cross-reference to schedule ] to this Licence, along with any further unregistered design rights [ listed or identified at [ insert cross-reference to schedule ] to this Licence OR notified in writing to the Licensee by the Licensor from time to time ] ; ]
Effective Date • means [ insert date ];
Intellectual Property Rights • means all copyright, rights related to copyright including moral rights and performers’ rights, patents, rights in inventions, and the rights in confidential information,...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

DOWNLOAD THIS DOCUMENT

Web page updated on 22/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...