Article 24. Commercialization of new developments

The commercialization of new developments is the process of their introduction into civil circulation using various types of contracts that regulate the relations between the subjects of innovative activity in order to make a profit.

The commercialization of new developments is carried out by:

sale of goods (performance of work, rendering of services) created with the use of new developments or using them for their own needs;

creation of commercial organizations, the founder or one of the founders of which is an organization (affiliated organization) that has contributed an object of intellectual property or technology as a contribution to the statutory fund;

transfer of property rights to intellectual property objects to third parties and granting the right to use these objects by concluding licensing agreements based on royalties, including with the condition of their subsequent commercialization by the acquirer of these rights.

The size of the share of the rightholder for the intellectual property object in the authorized capital of the organization is determined by mutual agreement between the founders.

Commercialization of new developments of strategic importance for the state or containing information classified as state secrets is carried out in accordance with the legislation on the protection of state secrets.