The ability to achieve a practical end due to knowledge and/or skill. Know-how is intangible property, the rights to which a person may buy or sell.
See, e.g. Copperweld Corp. v. Independence Tube Corp., 467 U.S. 752, 757 (1984).
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:18 pm