CONTRACTUAL AND LEGAL FORMS OF INNOVATIVE INVESTING

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CONTRACTUAL AND LEGAL FORMS OF INNOVATIVE INVESTING

Journal Title: Економічна теорія та право - Year 2016, Vol 2, Issue 25

Abstract

Problem setting. Under modern conditions of development of the market economy in Ukraine, the considered problem is of significant importance. On the one hand, there is a necessity to modernize and to improve the technological basis of the domestic industries. On the other hand, the domestic market of innovative products is in the phase of formation. The contractual form of innovative investing is one of the most effective measures aimed at protection of the scientific and technical potential and its efficient application. The contractual form provides involvement of up-to-date achievements in the field of science and techniques as well as facilitates commercialization of innovative activity objects (innovative products, technologies). Recent research and publications analysis. R. P. Boichuk, O. M. Davydiuk, O. V. Hladka, D. V. Zadykhailo, O. M. Vinnyk, Yu. Ye. Atamanova, O. E. Simson, V. S. Milash, etc. have taken notice of the above-mentioned matters. At the same time, not all the problems of business and legal support of innovative investing are settled nowadays. Consequently, consideration of these problems and finding ways of solution are of great importance. Paper objective. A paper objective is to analyze legal regulation of innovative investing and contractual forms of transferring an innovative product according to the Ukrainian legislation. Paper main body. The innovative activity is one of the economic and legal forms of investing, which is characterized by the special legal regime. The innovative activity assumes peculiar significance because of orientation of our country towards the innovative way of the country economy development. Modernization of the Ukrainian economy based on innovative development should provide complex application of all the accessible leverages of an economic policy and prevention of a conflict between their influences and between settlement of strategic and settlement of current matters. Thus, at the modern stage, there is an extreme need for synthesis of the institutions of innovative and investment law in the form of the complex institution of investing. In the investment field, participants of the investment activity conclude agreements of different orientation: some of them mediate investing for the purpose of achievement of a particular social and economic effect; others play the auxiliary role, providing rendering investment activity participants different services, which conduce to more effective investing , but simultaneously, which are not an obligatory component of an investment process. To analyze corresponding legal relations, it is expedient to follow the examples of the construction of a commercial concession agreement (franchising) and a license agreement. Conclusions of the research. Consequently, the author indicates the following general criteria of the innovative investing agreement: firstly, an object of an innovative product; an agreement subject is economic usage of an innovative product in the manufacturing activity; this activity should be commercial (since the activity aimed at achievement of social or another intangible effect does not adhere to the economic goal of investing, realization of innovative goods and services seeks to gain profit (royalty or other payments); an investor advances own interests on account of profit. Short abstract for an article Аbstract. The author considers topical problems of contractual and legal forms of innovative investing in the context of formation of the complex institution of economic law, namely the innovative investing institution as one of the most advanced matters of legal support of the economic activity in Ukraine. The author thoroughly analyzes the contractual forms such as commercial concession (franchising) and a license agreement.

Authors and Affiliations

Катерина Миколаївна Врублевська

Keywords

EP ID EP175189
DOI -
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