South Dakota Statutes
§ 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.
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South Dakota § 53-9-9 (Sale of good will--Seller's agreement with buyer to refrain from carrying on similar business, validity.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Legislative History
SDC 1939, § 10.0706 (1); SL 1992, ch 60, § 2; SL 1997, ch 274, § 1.