United States Patent is primarily 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 organization to monopolize a particular concept for a limited time.

Typically, our government frowns on any variety of monopolization in commerce, patenting due to the belief that monopolization hinders cost-free trade and competitors, degrading our economy. A very good example is the forced break-up of Bell Phone some years ago into the a lot of regional mobile phone companies. The government, in... Read more