Patent Protection for a Product Ideas or Inventions

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 individual or business to monopolize a certain notion for a constrained time.

Typically, our government frowns on any kind of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competitors, degrading our economic climate. A very good example is the forced break-up of Bell Telephone some years ago into the numerous regional phone businesses. The government, in specific... […]