Goodwill not partnership asset subject to division

Business Valuation UpdateVol. 3 No. 8
Legal and Court Case Update
August 1997
8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
judicial dissolution
partnership dissolution

Salinas v. Rafati
948 S.W.2d 286, 40 Tex. Sup. Ct. J. 753, 1997 Tex. LEXIS 63
June 27, 1997
US
State Court
Texas
Supreme Court
Owen

Summary

Two partners in a Texas radiology practice partnership, Salinas and Salazar, decided to terminate the partnership. The third partner, Rafati, sued for breach of fiduciary duty and wrongf ...

See Also

Salinas v. Rafati

At issue is consider whether an award to a physician for his interest in a professional partnership upon dissolution is supported by any evidence and whether the intangible assets of the disolved partnership include the goodwill and earning capacities.