United States Patent is basically 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 firm to monopolize a distinct concept for a constrained time.

Typically, our government frowns on any variety 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 Telephone some years in the past into the several regional phone businesses. The government, in certain the Justice...