United States Patent is in essence 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 person or firm to monopolize a distinct idea for a constrained time.

Typically, our government frowns on any kind of monopolization in commerce, due to the belief that monopolization hinders free trade and competitors, degrading our economy. A excellent example is the forced break-up of Bell Phone some years ago into the a lot of regional phone organizations. The government, in certain the Justice Department (the... Read more