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

Typically, our government frowns upon any variety of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competition, degrading our economy. A excellent example is the forced break-up of Bell Telephone some many years in the past into the numerous regional phone companies. The government, in d... Read more