United States Patent is basically 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 person or business to monopolize a specific 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 economy. A great illustration is the forced break-up of Bell Phone some many years in the past into the a lot of regional phone companies. The government, in particular... Read more