Patent Protection for a Solution Concepts or Inventions

United States Patent is basically 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 individual or organization 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 totally free trade and competition, degrading our economy. A very good illustration is the forced break-up of Bell Phone some many years ago into the many regional cellphone firms. The government, in distinct the...
2017-02-16 / Posted in