know how
Definition
Expert skill, information, or body of knowledge that (1) imparts an ability to cause a desired result, (2) is not readily available, and is (3) outside the public domain. Know how may include tangible material (such as blueprints, formulas, instructions, patterns, specifications, and trade-secrets) or intangibles (such as manufacturing practices, marketing concepts, quality control, and testing techniques) which are not common knowledge. In technology transfer agreements, know how is the most valuable factor and may have an indefinite enforceable life. In legal terms, it may be defined as “any industrial information and technique likely to assist in the manufacture or processing of goods or materials.” In the recent years, know how has come to be recognized as a factor of production in its own right, distinct from labor.
know how is in the Information & Knowledge Management subject.
know how appears in the definitions of the following terms:
intellectual property,
knowledge capital,
licensing agreement,
intangible asset,
technical efficiency,
collaboration,
recoupment,
patent pool,
resource,
factors of production
and
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