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 expressly permits an personal or company to monopolize a particular notion for a restricted time.

Typically, our government frowns on any type of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competitors, degrading our economic climate. A great illustration is the forced break-up of Bell Phone some years in the past into the many regional cellphone companies. The government, in specific... […]