KAPLAN v. JOSEPH SCHACHTER & CO.


261 A.D.2d 440 (1999)

690 N.Y.S.2d 91

LAWRENCE J. KAPLAN, Appellant, v. JOSEPH SCHACHTER & CO. et al., Respondents, and RICHARD STONE, Appellant.

Appellate Division of the Supreme Court of the State of New York, Second Department.

Decided May 10, 1999.


Ordered that the order is affirmed insofar as appealed from, with one bill of costs.

"[E]ven if a given partnership might be said to possess goodwill, the courts will honor an agreement among partners— whether express or implied—that goodwill not be considered an asset of the firm" (Dawson v White & Case, 88 N.Y.2d 666, 671; Matter of Brown, 242 N.Y. 1, 6-7). Here, the partnership agreement did not...

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