United States Patent is essentially 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 particular concept for a constrained time.
Typically, our government frowns on any type of monopolization can you patent an idea in commerce, due to the belief that monopolization hinders free of charge trade and competitors, degrading our economy. A good illustration is the forced break-up of Bell Phone some years in the past into the a lot of regional cellphone firms. The... Read more