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

Typically, our government frowns on any kind of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competitors, degrading our economic system. A very good instance is the forced break-up of Bell Phone some years ago into the many regional telephone organizations. The government, in specific the... Read more