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

Typically, our government frowns on any variety of monopolization in commerce, due to the belief that monopolization hinders free of charge trade and competition, degrading our economic system. A great illustration is the forced break-up of Bell Phone some many years ago into the a lot of regional telephone firms. The government, in certain... Read more