United States Patent is in essence a "grant of rights" for a constrained time period. In layman's terms, it is a contract in which the United States government expressly permits an personal or business to monopolize a particular idea for a limited time.
Typically, our government frowns upon any kind of monopolization in commerce, due to the belief that monopolization hinders totally free trade and competitors, degrading our economic climate. A great example is the forced break-up of Bell Telephone some years ago into the several regional cellphone companies. The government, in specific the... [...]