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 person or company to monopolize a distinct notion for a constrained time.

Typically, our government frowns upon any kind of monopolization in commerce, due to the belief that monopolization hinders free of charge 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 a lot of regional phone companies. The government, in certain the... Read more