United States Patent is in essence 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 firm to monopolize a specific notion for a limited time.

Typically, our government frowns upon any sort of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competition, degrading our economy. A great illustration is the forced break-up of Bell Telephone some many years ago into the a lot of regional telephone organizations. The government, in specific the Justice... [Read more »]