Patent Protection for a Solution Concepts or Inventions

United States Patent is essentially a "grant of rights" for a limited time period. In layman's terms, it is a contract in which the United States government expressly permits an person 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 cost-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 many regional phone firms. The government, in certain the Justice Department... […]