United States Patent is primarily a "grant of rights" for a restricted time period. In layman's terms, it is a contract in which the United States government how to patent an idea or product expressly permits an person or organization to monopolize a particular concept for a limited time.

Typically, our government frowns on any variety of monopolization in commerce, due to the belief that monopolization hinders cost-free trade and competitors, degrading our economic climate. A great instance is the forced break-up of Bell Telephone some many years ago into the a lot of regional telephone... Read more