Abstract
The know-how (to do it) and trade (industrial) secrets are proprietary information or knowledge that assist or improve a commercial activity, but that is not registered for protection in the manner of a patent or trademark. The sharing and transferability of know-how are the basis of its economic appraisal, which is based on complementary methodologies projecting the future usefulness of the costs incurred, the relief from royalties by the license, or the differential income from internal exploitation. Unlike patents, the know-how is not independently negotiable and is more difficult to enforce against third parties, but at the same time, it retains some characteristics of confidentiality that with the patenting in part must be disclosed. Within a digital process, the know-how is the “glue” behind the integration of synergistic intangibles that drives product and process innovation.
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Moro Visconti, R. (2020). The Valuation of Know-How. In: The Valuation of Digital Intangibles. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-36918-7_4
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DOI: https://doi.org/10.1007/978-3-030-36918-7_4
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