United States Patent is essentially a "grant of rights" for a constrained 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 restricted time.

Typically, our government frowns on any sort of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competitors, degrading our economic system. A very good illustration is the forced break-up of Bell Phone some years in the past into the several regional cellphone companies. The government, in specific...