Oklahoma Statutes
Okla. Stat. tit. 60, § 315 (2026)
Goodwill
✓ current as of July 2026
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The goodwill of a business is the expectation of continued public patronage, but it does not include a right to use the name of any person from whom it was acquired. R.L.1910, § 6742.
Notes of Decisions
Cited in 5
cases (1 in the last 5 years), 1990–2022 · leading case: Mocnik v. Mocnik, 838 P.2d 500 (Okla. 1992).
Mocnik v. Mocnik, 838 P.2d 500 (Okla. 1992). “Goodwill has been defined as the “favor or prestige that a business has acquired beyond the mere value of what it sells.”
Traczyk v. Traczyk, 891 P.2d 1277 (Okla. 1995). “1 Pursuant to 60 O.S.1991, §§ 315 and 316, goodwill of a business is defined as “the expectation of- continued public patronage,” and is considered property transferable like any other property.”
Travis v. Travis, 795 P.2d 96 (Okla. 1990). “Wife’s expert witness testified that the value of the law practice, based upon projected income, was.”
Inergy Propane, LLC v. Lundy, 2009 OK CIV APP 8 (Okla. Civ. App. 2008). “And, he agreed to do so for fifteen years. The only time limit imposed by section 218 is that the non-compete agreement may not extend beyond the time the buyer or the buyer's successors "carry on a like business.”
Whinery v. Premier Funeral Mgmt. Grp. IV LLC (W.D. Okla. 2022). “Provided, that any such agreement which is otherwise lawful but which exceeds the territorial limitations specified by this section may be deemed valid, but only within the county comprising the primary place of the conduct of the subject business and within any counties…”
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