Patent Protection for a Product Tips or Inventions

United States Patent is essentially a "grant of rights" for a limited period. In layman's terms, it is a contract in which the United States government expressly permits an individual or business to monopolize a distinct concept for a limited time.

Typically, our government frowns on any kind of monopolization in commerce, due to the belief that monopolization hinders free of charge trade and competitors, degrading our economic system. A excellent example is the forced break-up of Bell Telephone some many years ago into the a lot of regional phone organizations. The government, in specific... Continue reading