United States Patent is basically 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 personal 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 competition, degrading our economic system. A excellent instance is the forced break-up of Bell Phone some years ago into the numerous regional cellphone companies. The government, in distinct the Justice... [...]