Exception – sale of goodwill of business
(1) A person who sells the goodwill of a business may agree with the buyer to refrain from carrying on a similar business within the areas provided in subsection (2) so long as the buyer or any person deriving title to the goodwill from the buyer carries on a like business in the described areas.
(2) The agreement authorized in subsection (1) may apply in:
(a) the city where the principal office of the business is located;
(b) the county where the principal office of the business is located;
(c) a city in any county adjacent to the county in which the principal office of the business is located;
(d) any county adjacent to the county in which the principal office of the business is located; or
(e) any combination of the areas in subsections (2)(a) through (2)(d).
| EnactedEn. SectionSec. 2247, Civil CodeCiv. C. 1895 |
| ReenactedRe-en. SectionSec. 5058, RevisedRev. CodeC. 1907 |
| ReenactedRe-en. SectionSec. 7560, Revised Codes of MontanaR.C.M. 1921 |
| CaliforniaCal. Civil CodeCiv. C. SectionSec. 1674 |
| Field Code of New YorkField Civil CodeCiv. C. SectionSec. 834 |
| ReenactedRe-en. SectionSec. 7560, Revised Codes of MontanaR.C.M. 1935 |
| Revised Codes of MontanaR.C.M. 1947, 13-808 |
| AmendedAmd. SectionSec. 1, ChapterCh. 432, Laws ofL. 1983 |
| AmendedAmd. SectionSec. 781, ChapterCh. 56, Laws ofL. 2009 (HB 37 - Campbell, Margarett (D) HD 31) |