United States Patent is in essence a "grant of rights" for a limited time period. In layman's terms, it is a contract in which the United States government expressly permits an person or organization to monopolize a specific concept 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 competitors, degrading our economy. A excellent example is the forced break-up of Bell Phone some many years in the past into the several regional phone firms. The government, in specific the Justice... […]