Patent Protection for a Product Ideas or Inventions

United States Patent is basically 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 business to monopolize a distinct idea for a restricted time.

Typically, our government frowns upon any type of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competitors, degrading our economic climate. A very good instance is the forced break-up of Bell Phone some years ago into the a lot of regional telephone businesses. The government, in particular the...