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 individual or firm to monopolize a specific concept for a limited time.

Typically, our government frowns on any type of monopolization in commerce, due to the belief that monopolization hinders cost-free trade and competitors, degrading our economic system. A excellent illustration is the forced break-up of Bell Phone some many years in the past into the a lot of regional phone firms. The government, in certain...

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