Personal Goodwill and Noncompete Agreements: Folklore vs. Common Sense

Business Valuation UpdateVol. 21 No. 8
August 2015
Peter J. Butler, CFA, ASA
Robert M. Dohmeyer, ASA


Editor’s note: This article is intended to challenge conventional thinking regarding a covenant not to compete (CNTC) and to stimulate intellectual discussion about the economic meaning of such an agreement. The traditional view is that a CNTC relates to ...