Know-How License

A Know-How License is an agreement that allows one party to use another party's specialized knowledge, techniques, or expertise to produce goods or provide services. For example, a company with unique manufacturing processes can license that know-how to another company, enabling it to benefit from those methods without having to develop them from scratch. This arrangement helps businesses innovate and improve efficiency while protecting the original owner's intellectual property. Essentially, it’s about sharing valuable skills and insights for mutual gain.