Issue: № 4, 2025
Doi: https://doi.org/10.37634/efp.2025.4.22
Intellectual property (IP) is a cornerstone of the modern economy, encompassing the results of intellectual and creative activity that are protected by law. According to Ukrainian legislation and international agreements such as the Stockholm Convention of the World Intellectual Property Organization (WIPO), IP is divided into three main categories: industrial property (patents, trademarks, industrial designs), non-traditional IP objects (trade secrets, plant varieties), and objects of copyright and related rights (literary works, music, films). The economic nature of IP lies in its ability to generate profit through licensing, sale, or exclusive use, yet its intangible character makes it vulnerable to risks such as rights infringement, piracy, or litigation. In this context, IP insurance becomes an important tool for protecting businesses, particularly in the conditions of the digital economy and globalization. IP plays a pivotal role in the knowledge-driven economy of the 21st century. As the global economy becomes increasingly reliant on innovation, creativity, and intangible assets, IP emerges as a fundamental driver of competitiveness, investment, and sustainable development. Broadly defined, intellectual property encompasses the outcomes of intellectual and creative activities that are granted legal protection, enabling creators and inventors to benefit economically from their work. These legal protections are critical not only for fostering innovation but also for maintaining a fair and efficient market system.
Keywords : intellectual property, insurance, patents, copyright, trademarks
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