Patent Protection for a Product Concepts or Inventions

United States Patent is essentially 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 organization to monopolize a distinct idea for a limited time.

Typically, our government frowns upon any variety of monopolization in commerce, due to the belief that monopolization hinders cost-free trade and competitors, degrading our economic system. A very good example is the forced break-up of Bell Telephone some many years ago into the several regional phone companies. The government, in distinct.... [Read moreā€¦]