Intellectual property protection as a key element in the development of the knowledge economy

 Intellectual property is defined as one of the main elements and catalysts of scientific and technological development of the country. On the way to an innovative and sustainable future, the protection of intellectual property is a key element of such a paradigm of economic development. From a management perspective, the protection of intellectual property is important to maintaining business competitiveness and a country’s economic growth. Taking into account the growing competition in the technology market and its specificity, it is necessary to improve the protection of new knowledge for the effective use of intellectual capital. The object of the study is the knowledge economy as an economic system in which human capital and intellectual property are the basis of knowledge-intensive activities that contribute to the development of technical and scientific innovations. The subject of the study is management relations for the protection of intellectual property objects as the results of intellectual activity. The purpose of the study. Analysis of existing contradictions and proposal of possible ways to overcome them, concluded in the protection of intellectual property as a key element of the development of the intelligent economy. Research objectives. 1. To carry out a retrospective analysis of scientific definitions characterizing the concept of “intelligent economy” and to determine the field of the author's scientific search. 2. To identify and formulate economic, legal and interdisciplinary contradictions in the protection of intellectual property. 3. To formulate proposals to balance the interests of the subjects in the formation and use of the results of intellectual work. Materials and methods. The set goal was achieved through the search and theoretical analysis of scientific literature, collection of scientific information from open sources with an assessment of the relevance of the information and analysis of the data obtained. Abstract-logical and structural-logical analysis were used to achieve the results. Results. Based on the results of the analysis of scientific publications in the field of intellectual property protection, the main characteristics of the concept of “intelligent economy” were highlighted. Based on the analysis of the concepts of “intelligent economy” and “digital economy”, the relations of their semantic boundaries were determined. The concepts of “intellectual capital” and “intellectual property” were also meaningfully correlated. Structuring information about the current state of the field of intellectual property protection made it possible to identify and position key problems in this field of management as economic, legal and interdisciplinary. This fact has led to the conclusion that the lack of uniform standards in the legal regulation of intellectual property protection affects the development of the economy. The analysis of contradictions made it possible to propose recommendations for the protection of intellectual property at the state level and within the enterprise. The established boundaries of legal protection of intellectual property objects do not allow the protection of intellectual capital in its “pure” form, which can lead to a decrease in private interest and reduce the effectiveness of innovative development. The presented recommendations can be useful from a theoretical and practical point of view when creating and implementing intellectual property protection tools. Conclusions. The article formulates recommended organizational and legal measures to balance the interests of subjects in the formation and use of the results of intellectual work. It is shown that the author's loss of his intellectual property in the form of intellectual labor, and as a result, the lack of assessment of private intellectual capital as the main element of value creation, can affect the development of the intelligent economy due to the gradual decrease in private interest in developments.