Intellectual property rights as the resource for innovative economy development

Abstract

This article is devoted to research of the legal and economic features associated with pledge of intellectual property (IP) in global and Russian practice. The study showed that the practice of banking crediting secured by pledge of rights to intellectual property is common for the United States, Europe, and Asia. At the same time, common and special legislation is used. The small experience of collateral transactions with intellectual property rights in banking crediting in Russia allowed the authors to analyze the signed pledge contracts and rank the pledgee banks. It was revealed that in Russia not only Russian but also foreign banks take part as pledgees in granting loans secured by the pledge of intellectual property rights. The existence of a relationship between the number of signed contracts of pledge of IP rights and the investment attractiveness of banks was established. Taking into account the global and Russian practice, the authors estimate intellectual property as a promising resource for the development of an innovative economy.