United States Patent is essentially a "grant of rights" for a restricted time period. In layman's terms, it is a contract in which the United States government expressly permits an personal or business to monopolize a certain idea for a constrained time.

Typically, our government frowns upon any variety of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competitors, degrading our economy. A good illustration is the forced break-up of Bell Telephone some years in the past into the a lot of regional mobile phone organizations. The government,... Read more