As a core production factor in the digital economy, the legal attributes and protection pathways of commercial data have become a research hotspot in the field of legal studies. This paper begins by examining the legal nature of commercial data and its attributes under intellectual property rights, establishing the legitimacy foundation for intellectual property protection of commercial data through labor property theory, utilitarian theory, and transaction cost theory. Besides, it proposes a “limited rights + fair use” governance model to address current legal dilemmas in data rights allocation. The study further recommends approaches such as strengthening technical governance and collaborative regulation, promoting international rule harmonization, to balance innovation incentives with public interests. Ultimately, these measures aim to achieve efficient circulation and value realization of commercial data.
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