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Code · South Dakota · Title 53 · Chapter 53-9

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

58 words·~1 min read·/sd/title-53/chapter-53-9/53-9-9·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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