{"parents":[{"StatuteId":2071997,"Type":"Title","Statute":"53"},{"StatuteId":2072077,"Type":"Chapter","Statute":"9"},{"StatuteId":2072073,"Type":"Section","Statute":"9"}],"Previous":"53-9-8","Next":"53-9-10","StatuteId":2072073,"Statute":"53-9-9","Type":"Section","CatchLine":"Sale of good will--Seller's agreement with buyer to refrain from carrying on similar business, validity. ","FilePath":null,"FileName":null,"Htmlpath":null,"Htmlfilename":null,"Title":53,"TitleLetter":null,"Chapter":9,"ChapterLetter":null,"Section":9,"SubSec":0,"SubSection":null,"Word":null,"Html":"

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.

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

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