S.D. Codified Laws § 53-9-9

Current through the 2024 Legislative Session

Section 53-9-9 - Sale of good will-Seller's agreement with buyer to refrain from carrying on similar business, validity

Any person who sells the good will of a business may agree with the buyer to refrain from carrying on a similar business within a specified county, city, or other specified area, as long as the buyer or person deriving title to the good will from the seller carries on a like business within the specified geographical area.

SDCL 53-9-9

SDC 1939, § 10.0706 (1); SL 1992, ch 60, § 2; SL 1997, ch 274, § 1.