United States Patent is in essence 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 firm to monopolize a specific notion for a constrained time.
Typically, our government frowns on any variety of monopolization in commerce, due to the belief that monopolization hinders cost-free trade and competition, degrading our economy. A great instance is the forced break-up of Bell Telephone some many years ago into the numerous regional telephone businesses. The government, in certain the Justice... [...]