Judicial Dictionary - K

Judicial Dictionary


Legislative Dictionary


Know – how

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CategoryK
TitleKnow – how
DetailsKnow –how is the fund of technical knowledge and experience acquired by a highly specialized production organization. It is usually noted vary according to, and may even be determined by, its use. Like office or factory buildings, patents, and trademarks, and good will, it may be described as a “capital asset” while it is retained by a manufacturer for his own purposes, but, unlike these, its supply to another is not a transfer of a fixed capital asset because it is not lost to the supplying manufacturer.
Created OnApril 23, 2011, 10:12 AM
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