LEGAL FORMS OF REALIZATION OF INVESTMENT ACTIVITY AND INNOVATION Kutepov Oleg Evgenievich, PhD at law, Associate Professor. <...> Place of employment: Kaluga State University named after K.E.Tsiolkovsky. <...> E-mail: cutepow.oleg@yandex.ru Kazakova Svetlana Petrovna, PhD in Philosophy, Associate Professor. <...> Place of employment: Kaluga State University named after K.E.Tsiolkovsky. <...> E-mail: kazak51@yahoo.com Annotation: This article discusses the various legal forms of creation and realization of innovation, investment in modern Russia. <...> Analyses on foreign capital investments in objects of entrepreneurial activity on the territory of Russia. <...> Highlights signs, which are essential in determining investment contracts. <...> Conclusion about the necessity of further development of competition as an instrument for stimulating needs for technical and technological innovations. <...>