REALIZATION OF INTELLECTUAL RIGHTS AS COLLATERAL (PROCEDURAL ASPECTS)
This paper addresses the issues pertaining to the usage of intellectual property, with the main focus being the use of exclusionary rights as a collateral; economic and legal obstacles hindering the development of this institution in Russia are also identified. Imperfect system of exclusionary rights appraisal is highlighted as a prime reason for the under-utilization of intellectual property as a collateral. The procedure of foreclosing the intellectual property is investigated; legal gaps that have negative impact on its efficiency are identified and evaluated. In conclusion, the authors note that the features of levy of execution on exclusive copyright provided by the law and the conclusion of court practice based on this that copyright manuscripts cannot be levied at all, reflect the optimal model of regulation that takes into account the moral rights of authors (including the right to promulgation). The law provides an opportunity both for the author of a work, the performer in relation to performance, and for their heirs to decide whether to give the exclusive right the opportunity to be an economic asset with security value or not.