Embracing the Power of Know-How in Modern Business 🌐
In the dynamic landscape of modern economic relations, the significance of production and technological secrets, commonly known as know-how, cannot be overstated. Unlike exclusive rights, know-how transcends singular ownership, residing as valuable information within various entities.
The essence of know-how lies in its accessibility to diverse entities, empowering each with the right to independently and legally utilize the acquired information. Yet, it’s crucial to note that possessing know-how does not grant an absolute right. Instead, protection hinges on civil law property interest—a safeguard against unauthorized use and a framework for regulating contractual know-how transfers.
💡 Key Insights:
No Absolute Right: Know-how possessors lack the privilege of absolute rights, necessitating protection through civil law property interest.
Civil Law Protection: The protection of know-how is anchored in civil law, utilizing measures like contractual regulations and civil sanctions for infringements.
Unfair Competition Protection: Even in the absence of specific norms safeguarding know-how possession, legal protections against unfair competition come into play. Those replicating know-how can be held accountable for damages caused by unfair practices.
In navigating the intricate realm of know-how, businesses are urged to prioritize legal frameworks, fostering an environment where innovation thrives, and the fruits of knowledge are respected.
Article by Syuzanna Poghosyan