A long-awaited new Civil Code of Ukraine, which was adopted on January 16 2003, finally came into force on January 1 2004. Book IV of the new Civil Code is devoted specifically to intellectual property rights protection. As well as summarizing IP provisions developed previously by special legislation, the new Civil Code adopts certain innovations with respect to intellectual property rights regulation - in particular regarding patents. This article discusses two of the major innovations, to which might be referred an amended order of regulation of patent licence agreements, as well as a new understanding of the validity term of a patent.