Abstract
In the article the main regulatory legal acts in the sphere of conducting innovative activities of scientific and educational organizations of higher education at various levels (federal, regional, municipal and local) as well as other sources of advisory nature are identified and analyzed. The basic concepts and categories used in the current legislation in the given field are researched. As a result, taking into account the recommendations of World Intellectual Property Organization, some proposals to improve the present innovation legislation of the Russian Federation as well as the main directions of work of scientific and educational organizations on the adoption of local regulations ensuring their conduct of innovation activities are defined.
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