Juridical Review of Intellectual Property Rights As Credit Collateral

Human life cannot be separated from economic activities. Humans tend to develop themselves by innovating and being creative in meeting their needs. The way humans fulfill their needs creates interactions between individuals and groups that can produce advantages and disadvantages. The economic climate with the Covid-19 pandemic that has hit the world has shaken the economy. The range from 2020 to 2022 in Indonesia is also affected by the Covid-19 pandemic. The government imposes restrictions on community activities in Indonesia. It then has an impact on the decline or cessation of business activities which causes a decrease in liquidity and shocks to the company's cash flow as a result of reduced demand from consumers, uncertainty in business activities, supply chain disruptions, and a reduction in workforce. Business actors need funding incentives to rise from the slump in business activities due to the Covid-19 pandemic. The ease of obtaining credit facilities with alternative guarantees other than fixed assets from banking institutions is an opportunity for business actors to obtain funding so that their businesses can rise more quickly. Theoretically, intellectual property rights are intangible assets that have an economic value that can be used as collateral alternatives in credit agreements.