Nev. Rev. Stat. § 37.111
This is the official text of Nev. Rev. Stat. § 37.111, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Additional compensation for loss of goodwill
Official statutory text
1. In addition to any amount of compensation determined pursuant to NRS 37.110 , the owner of a business conducted on property that is acquired pursuant to this chapter must be compensated for loss of goodwill if: (a) The condemnation causes the business to be dissolved and the business cannot be relocated for reasons beyond the control of the owner, including, without limitation, the unavailability of a new franchise or when the value of the business is inextricably tied to the unique location of the property being condemned; and (b) The owner of the business has a property interest in the property acquired pursuant to this chapter.
2. As used in this section, “ goodwill ” means the component of value attributed to the reputation, loyal customer base, ability to attract new customers and location of a business. The term does not include the loss of anticipated profits or loss of business opportunity.
2. As used in this section, “ goodwill ” means the component of value attributed to the reputation, loyal customer base, ability to attract new customers and location of a business. The term does not include the loss of anticipated profits or loss of business opportunity.
Status: in_force · Read it on the official government site
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