Current through Register Vol. 61, No. 4, April 1, 2022
(1) Goodwill. "Goodwill" is a saleable
business asset based on reputation, not physical assets.
(2) Customer list. "Customer list" is a
proprietary list containing information regarding a business enterprises's
clients and is part of the business records for that business.
Contracts and contract rights. "Contracts
and contract rights" refers to agreements between two or more parties, which
establish mutual rights and responsibilities for a stated consideration, and
rights created under such agreements. Examples of contracts include but are not
(a) Contracts for sale of goods;
(b) Covenants not to compete;
(c) Contracts for purchase of
(d) Contracts to rent or
(e) Contracts to
for services by employees or others;
(g) Contracts for permission to use property
appraising property utilizing the income approach, the rent attributable to the
property shall be based on market rent. "Market rent" is the rental income that
the property would most probably command in the open market as of the
assessment date. Market rent shall be used for both owner occupied and rented
or leased property regardless of the terms of any particular rental or lease
agreement encumbering the property.
(5) Trade secret. "Trade secret" means
information, including a formula, pattern, compilation, program, device,
method, technique or process that derives independent economic value from not
being generally known by other persons who can obtain economic value from its
disclosure or use, and is the subject of efforts that are reasonable under the
circumstances to maintain its secrecy.
Admin. R. 150-307-0020
RD 6-1994, f.
12-15-94, cert. ef. 12-30-94; Renumbered from 150-307.020,
53-2016, f. 8-13-16, cert. ef.
Stat. Auth.: ORS
Stats. Implemented: ORS