知识产权质押融资中债权人期待权问题探讨

Discussion on Creditor's Expectation Right in Pledge Financing for Intellectual Property

知识产权质押融资属于金融法、担保法和知识产权法交叉调整的融资方式,其法律风险源于跨部门法的规范缺乏一致性和协调性,"一权二质"将侵害质权人(债权人)对出质人(债务人或第三人)所怀有的一种期待——在债权实现清偿之前债务人或第三人不得将知识产权中出质的财产权再次出质给他人。因此,书面质押合同成立之后到出质登记完成之前非即时取得质权的情形下,债权人的期待权需要获得担保法上安全和秩序价值之特殊保护。债权人期待权的法律价值是决定融资效率的最根本保障。

Pledge Financing for intellectual property is a kind of cross adjustment financing method combining Financial Law,Guarantee Law and Intellectual Property Law. The legal risks originate from the lack of uniformity and balance in inter- department law; ＂One Right,Two Pledges＂will pose damage to the expectation from creditors to debtors- before pledge payoff,debtor or the third party cannot re- pledge the pledged property right to other parties; after the written pledge contract takes effect and before pledge registration completes,unless the pledge right is obtained immediately,the Expectation Right of the creditor needs to be specially protected by the safety and order nature of the Guarantee Law. The legal value of the creditor＇s Expectation Right is the fundamental protection that determines the financing efficiency.