Thursday, December 04, 2014

Know-how is a term for practical knowledge on how to accomplish something.

Know-how can be defined as confidentially held, or
better, 'closely held' information in the form of unpatented inventions,
formulae, designs, drawings, procedures and methods, together with accumulated
skills and experience in the hands of a licensor firm's professional personnel
which could assist a transferee/licensee of the object product in its
manufacture and use and bring to it a competitive advantage. It can be further
supported with privately maintained expert knowledge on the operation,
maintenance, use/application of the object product and of its sale, usage or
disposition.


Source: http://en.wikipedia.org/wiki/Know-how

Tags: method, production, mode, transmission, advantage, international

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