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 individual or organization to monopolize a particular idea for a constrained time.

Typically, our government frowns upon any sort of monopolization in commerce, due to the belief that monopolization hinders free trade and competition, degrading our economic system. A good illustration is the forced break-up of Bell Telephone some many years ago into the a lot of regional mobile phone organizations. The government,... Read more