The Valuation of Know-How

Roberto Moro-Visconti ()
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Roberto Moro-Visconti: Catholic University of the Sacred Heart
Authors registered in the RePEc Author Service: Roberto Moro Visconti

Chapter Chapter 4 in The Valuation of Digital Intangibles, 2022, pp 143-159 from Springer

Abstract: Abstract The know-how (to do it) and trade (industrial) secrets are proprietary information or knowledge that assists 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 is 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.

Keywords: Knowledge transfer; Know-why; Product innovation; Process innovation; Patent; R&D; Industrial secret; Trade secret; Technology; Layout; Codified; Procedures; Industrialized replicability; Creativity; Reverse engineering; Scientific method; Economies of experience (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-09237-4_4

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DOI: 10.1007/978-3-031-09237-4_4

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